COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Thursday, 26 April 12
AUSTRALIAS COKAL EXPANDS MET COAL POTENTIAL INTO WEST KALIMANTAN


COALspot.com - Global metallurgical coal group Cokal Limited (Cokal) (ASX:CKA) announced today it has completed the acquisition of 75.2% of PT Silangkop Nusa Raya (SNR), which holds three exploration licenses in West Kalimantan near the Malaysian border (SNR Licences). The SNR Licenses cover an area of approximately 13,000 hectares, according to the company 's statement posted on company's website.

Cokal’s Executive Chairman, Peter Lynch said “that while recent exploratory work for metallurgical coal in the area was limited, surface samples of coal from surrounding areas had shown good coking coal properties and I am excited by the possibility of opening up a new area”. The table below shows the analytical results of surfaces samples taken from weathered outcropping coal seams from areas surrounding the SNR License area that are believed to continue into the SNR License area.

While little work has been done recently, earlier work in the area identified potential coking coal in the region. A review of the geological records of the area found that work done by a major Japanese coal company had identified coking coal bearing formations close to the western border of the SNR Licenses.

CEO, Mr James Middleton, said that the company intends to start a greenfield exploration programme in West Kalimantan to further determine the potential of the region. Cokal believes that the SNR properties are strategically placed within the region and have the potential to yield high value coking coal.

The final administrative details associated with the proposed acquisition are expected to be finalized in the June quarter of 2012 with initial mapping and preliminary geological work to start shortly after. As this is in effect a greenfield exploration programme, significant base line exploration (scout work and mapping) and approvals will be required before moving into drilling and subsequent phases of exploration. The acquisition cost is A$722,000 cash. Under the agreement, Cokal has acquired 75.2% of the equity of PT Silangkop Nusa Raya, the Indonesian Company owning the exploration licenses. Local Indonesian partners will hold the balance of the equity in PT Silangkop Nusa Raya. Cokal's local Indonesian partners have an option to finance their share of the project exploration and development costs through a loan from Cokal, at commercial interest rates, repayable out of their share of the future profits of PT Silangkop Nusa Raya.

The proposed acquisition has received Indonesian regulatory approval and PT Silangkop Nusa Raya has been converted to a PMA Company. Under Indonesian law a PMA Company is able to have up to 100% foreign ownership.

About Cokal Limited
Cokal (ASX:CKA) is an Australian listed company with the objective of becoming a metallurgical coal producer with a global presence. Cokal has interests in four projects in Central Kalimantan, Indonesia considered prospective for metallurgical coal. Cokal has also signed a joint venture with Tanzoz Resources to explore for coal in Tanzania and a cooperation agreement with Mozambique Government Mining Corporation, EMEM, to explore for coking coal in the emerging coal province of Mozambique.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 25 August 12
FREIGHT RATES ARE EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - This week the indices showed some signs of improvement will all the segments moving up except for the handy size. The BDI was marg ...


Saturday, 25 August 12
INDONESIAN COAL SWAP REMAINS STABLE AT LOW LEVEL
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery gain 0.804 percent W-o-W on Friday (24 August 2012) closing but lost 0. ...


Thursday, 23 August 12
INDONESIA-INDIA, LARGE ECO SUPRA FIXED AT USD 6K FOR DELIVERY SOUTH CHINA - FEARNLEYS AS
Handy The market continued the same trend as last week, low activity and holidays in some countries. Rate wise unchanged, with US Gulf/Continent ...


Thursday, 23 August 12
EGCO GROUP EXPANDS TOWARDS INTEGRATED ENERGY BUSINESS WITH INVESTMENT IN INDONESIAS COAL MINE
Electricity Generating Public Company Limited or EGCO Group, the Thailand’s first Independent Power Producer has continually invaded foreign m ...


Thursday, 23 August 12
EGCO GROUP ANNOUNCES 2 BILLION BAHT PROFITS IN Q2/2012
  Successfully Establishes Integrated Energy Business and Strengthen Investments in ASEAN  Mr. Sahust Pratuknukul, President of Electri ...


   920 921 922 923 924   
Showing 4606 to 4610 news of total 6871
News by Category
Popular News
 
Total Members : 28,701
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Xstrata Coal
  • CNBM International Corporation - China
  • Mitsubishi Corporation
  • Berau Coal - Indonesia
  • IHS Mccloskey Coal Group - USA
  • CoalTek, United States
  • Freeport Indonesia
  • Altura Mining Limited, Indonesia
  • Power Finance Corporation Ltd., India
  • Moodys - Singapore
  • Gujarat Electricity Regulatory Commission - India
  • ETA - Dubai
  • Reliance Power - India
  • Ince & co LLP
  • Humpuss - Indonesia
  • Ministry of Transport, Egypt
  • Platts
  • TNB Fuel Sdn Bhd - Malaysia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Chettinad Cement Corporation Ltd - India
  • Videocon Industries ltd - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Kepco SPC Power Corporation, Philippines
  • Asian Development Bank
  • Bukit Makmur.PT - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Romanian Commodities Exchange
  • Vijayanagar Sugar Pvt Ltd - India
  • GAC Shipping (India) Pvt Ltd
  • GMR Energy Limited - India
  • Kohat Cement Company Ltd. - Pakistan
  • Bangladesh Power Developement Board
  • TeaM Sual Corporation - Philippines
  • Thiess Contractors Indonesia
  • Thermax Limited - India
  • SMC Global Power, Philippines
  • Bulk Trading Sa - Switzerland
  • Coal Orbis AG
  • Clarksons - UK
  • Energy Link Ltd, New Zealand
  • New Zealand Coal & Carbon
  • Interocean Group of Companies - India
  • Bharathi Cement Corporation - India
  • The India Cements Ltd
  • Dalmia Cement Bharat India
  • Wood Mackenzie - Singapore
  • PTC India Limited - India
  • Bank of America
  • PLN Batubara - Indonesia
  • Deutsche Bank - India
  • Barclays Capital - USA
  • Kartika Selabumi Mining - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Mercator Lines Limited - India
  • OCBC - Singapore
  • Barasentosa Lestari - Indonesia
  • Platou - Singapore
  • Mercuria Energy - Indonesia
  • Infraline Energy - India
  • Jorong Barutama Greston.PT - Indonesia
  • Banpu Public Company Limited - Thailand
  • BNP Paribas - Singapore
  • Salva Resources Pvt Ltd - India
  • Noble Europe Ltd - UK
  • Oldendorff Carriers - Singapore
  • Adaro Indonesia
  • Malco - India
  • Xindia Steels Limited - India
  • Therma Luzon, Inc, Philippines
  • Lafarge - France
  • Arutmin Indonesia
  • Agrawal Coal Company - India
  • Bank of China, Malaysia
  • Aboitiz Power Corporation - Philippines
  • Uttam Galva Steels Limited - India
  • Enel Italy
  • Tata Power - India
  • Medco Energi Mining Internasional
  • Neyveli Lignite Corporation Ltd, - India
  • Argus Media - Singapore
  • Miang Besar Coal Terminal - Indonesia
  • Japan Coal Energy Center
  • TRAFIGURA, South Korea
  • Savvy Resources Ltd - HongKong
  • Georgia Ports Authority, United States
  • IMC Shipping - Singapore
  • Qatrana Cement - Jordan
  • Geoservices-GeoAssay Lab
  • Essar Steel Hazira Ltd - India
  • Ministry of Mines - Canada
  • CESC Limited - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • EIA - United States
  • DBS Bank - Singapore
  • Coal India Limited
  • Sucofindo - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Electricity Authority, New Zealand
  • VISA Power Limited - India
  • Bayan Resources Tbk. - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • MEC Coal - Indonesia
  • Tamil Nadu electricity Board
  • Vizag Seaport Private Limited - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • APGENCO India
  • Britmindo - Indonesia
  • EMO - The Netherlands
  • South Luzon Thermal Energy Corporation
  • Cemex - Philippines
  • Posco Energy - South Korea
  • GHCL Limited - India
  • Inco-Indonesia
  • Formosa Plastics Group - Taiwan
  • Sakthi Sugars Limited - India
  • Indonesia Power. PT
  • Sojitz Corporation - Japan
  • Vedanta Resources Plc - India
  • European Bulk Services B.V. - Netherlands
  • International Coal Ventures Pvt Ltd - India
  • AsiaOL BioFuels Corp., Philippines
  • Ernst & Young Pvt. Ltd.
  • Merrill Lynch Commodities Europe
  • Globalindo Alam Lestari - Indonesia
  • Coaltrans Conferences
  • Thomson Reuters GRC
  • KPCL - India
  • Eastern Energy - Thailand
  • Indogreen Group - Indonesia
  • Baramulti Group, Indonesia
  • Directorate Of Revenue Intelligence - India
  • Adani Power Ltd - India
  • IEA Clean Coal Centre - UK
  • Sinarmas Energy and Mining - Indonesia
  • Anglo American - United Kingdom
  • India Bulls Power Limited - India
  • Semirara Mining Corp, Philippines
  • Riau Bara Harum - Indonesia
  • Star Paper Mills Limited - India
  • ING Bank NV - Singapore
  • Sical Logistics Limited - India
  • Bukit Baiduri Energy - Indonesia
  • Sarangani Energy Corporation, Philippines
  • KEPCO - South Korea
  • Cigading International Bulk Terminal - Indonesia
  • HSBC - Hong Kong
  • Carbofer General Trading SA - India
  • Inspectorate - India
  • Global Business Power Corporation, Philippines
  • Semirara Mining and Power Corporation, Philippines
  • GB Group - China
  • GNFC Limited - India
  • Mjunction Services Limited - India
  • Indian School of Mines
  • Runge Indonesia
  • Gujarat Sidhee Cement - India
  • PetroVietnam
  • Gupta Coal India Ltd
  • Karbindo Abesyapradhi - Indoneisa
  • Coeclerici Indonesia
  • Central Electricity Authority - India
  • Binh Thuan Hamico - Vietnam
  • World Bank
  • Thai Mozambique Logistica
  • SRK Consulting
  • Pinang Coal Indonesia
  • PNOC Exploration Corporation - Philippines
  • Port Waratah Coal Services - Australia
  • Russian Coal LLC
  • Central Java Power - Indonesia
  • Coalindo Energy - Indonesia
  • Australian Commodity Traders Exchange
  • OPG Power Generation Pvt Ltd - India
  • UBS Singapore
  • Maersk Broker
  • Metalloyd Limited - United Kingdom
  • Asmin Koalindo Tuhup - Indonesia
  • Wilmar Investment Holdings
  • MS Steel International - UAE
  • Surastha Cement
  • Ind-Barath Power Infra Limited - India
  • Edison Trading Spa - Italy
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Kaltim Prima Coal - Indonesia
  • Manunggal Multi Energi - Indonesia
  • ACC Limited - India
  • London Commodity Brokers - England
  • Parliament of New Zealand
  • Kobe Steel Ltd - Japan
  • Tata Chemicals Ltd - India
  • Lanco Infratech Ltd - India
  • Australian Coal Association
  • Coastal Gujarat Power Limited - India
  • Kobexindo Tractors - Indoneisa
  • Sree Jayajothi Cements Limited - India
  • Marubeni Corporation - India
  • Shree Cement - India
  • Rashtriya Ispat Nigam Limited - India
  • Vale Mozambique
  • Thriveni
  • Indonesian Coal Mining Association
  • Samtan Co., Ltd - South Korea
  • Mitsui
  • Kideco Jaya Agung - Indonesia
  • NTPC Limited - India
  • The Treasury - Australian Government
  • globalCOAL - UK
  • Simpson Spence & Young - Indonesia
  • Petron Corporation, Philippines
  • bp singapore
  • Maharashtra Electricity Regulatory Commission - India
  • Cement Manufacturers Association - India
  • Madhucon Powers Ltd - India
  • Gujarat Mineral Development Corp Ltd - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • The University of Queensland
  • SUEK AG - Indonesia
  • Credit Suisse - India
  • Independent Power Producers Association of India
  • IOL Indonesia
  • SMG Consultants - Indonesia
  • TNPL - India
  • Siam City Cement PLC, Thailand
  • Electricity Generating Authority of Thailand
  • Trasteel International SA, Italy
  • SGS (Thailand) Limited
  • Samsung - South Korea
  • WorleyParsons
  • Commonwealth Bank - Australia
  • Bhatia International Limited - India
  • Kapuas Tunggal Persada - Indonesia
  • San Jose City I Power Corp, Philippines
  • World Coal - UK
  • Makarim & Taira - Indonesia
  • Shenhua Group - China
  • Bhushan Steel Limited - India
  • Thailand Anthracite
  • Karaikal Port Pvt Ltd - India
  • Indorama - Singapore
  • Coal and Oil Company - UAE
  • Orica Australia Pty. Ltd.
  • Vitol - Bahrain
  • Renaissance Capital - South Africa
  • Heidelberg Cement - Germany
  • Petrochimia International Co. Ltd.- Taiwan
  • Bhoruka Overseas - Indonesia
  • Latin American Coal - Colombia
  • GN Power Mariveles Coal Plant, Philippines
  • Minerals Council of Australia
  • Petrosea - Indonesia
  • Mechel - Russia
  • Cargill India Pvt Ltd
  • Gresik Semen - Indonesia
  • Cardiff University - UK
  • Ambuja Cements Ltd - India
  • Jindal Steel & Power Ltd - India
  • Intertek Mineral Services - Indonesia
  • Jatenergy - Australia
  • Meralco Power Generation, Philippines
  • Asia Cement - Taiwan
  • Cebu Energy, Philippines
  • Directorate General of MIneral and Coal - Indonesia
  • McKinsey & Co - India
  • Billiton Holdings Pty Ltd - Australia
  • Orica Mining Services - Indonesia
  • ICICI Bank Limited - India
  • Africa Commodities Group - South Africa
  • Mintek Dendrill Indonesia
  • Eastern Coal Council - USA
  • Meenaskhi Energy Private Limited - India
  • Indian Energy Exchange, India
  • JPower - Japan
  • Planning Commission, India
  • McConnell Dowell - Australia
  • Attock Cement Pakistan Limited
  • Cosco
  • Parry Sugars Refinery, India
  • Singapore Mercantile Exchange
  • Economic Council, Georgia
  • Ministry of Finance - Indonesia
  • Fearnleys - India
  • Antam Resourcindo - Indonesia
  • Siam City Cement - Thailand
  • Global Coal Blending Company Limited - Australia
  • Core Mineral Indonesia
  • Jaiprakash Power Ventures ltd
  • Grasim Industreis Ltd - India
  • Maheswari Brothers Coal Limited - India
  • J M Baxi & Co - India
  • Pendopo Energi Batubara - Indonesia
  • Glencore India Pvt. Ltd
  • Goldman Sachs - Singapore
  • Mitra SK Pvt Ltd - India
  • NALCO India
  • Indika Energy - Indonesia
  • Rio Tinto Coal - Australia
  • Krishnapatnam Port Company Ltd. - India
  • Malabar Cements Ltd - India
  • White Energy Company Limited
  • CCIC - Indonesia
  • Energy Development Corp, Philippines
  • ASAPP Information Group - India
  • Merrill Lynch Bank
  • Sindya Power Generating Company Private Ltd
  • Maruti Cements - India
  • SASOL - South Africa
  • GVK Power & Infra Limited - India
  • TGV SRAAC LIMITED, India
  • Idemitsu - Japan
  • Chamber of Mines of South Africa
  • CIMB Investment Bank - Malaysia
  • Arch Coal - USA
  • Aditya Birla Group - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Kumho Petrochemical, South Korea
  • Timah Investasi Mineral - Indoneisa
  • Total Coal South Africa
  • Standard Chartered Bank - UAE
  • Global Green Power PLC Corporation, Philippines
  • The State Trading Corporation of India Ltd
  • PowerSource Philippines DevCo
  • Price Waterhouse Coopers - Russia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Bahari Cakrawala Sebuku - Indonesia
  • Panama Canal Authority
  • Borneo Indobara - Indonesia
  • Toyota Tsusho Corporation, Japan
  • PLN - Indonesia
  • Iligan Light & Power Inc, Philippines
  • JPMorgan - India
  • TANGEDCO India
  • SN Aboitiz Power Inc, Philippines
  • KOWEPO - South Korea
  • Kalimantan Lumbung Energi - Indonesia
  • Permata Bank - Indonesia
  • Larsen & Toubro Limited - India
  • Bangkok Bank PCL
  • Maybank - Singapore
  • UOB Asia (HK) Ltd
  • U S Energy Resources
  • Alfred C Toepfer International GmbH - Germany
  • IBC Asia (S) Pte Ltd
  • RBS Sempra - UK
  • KPMG - USA
  • Rudhra Energy - India
  • PetroVietnam Power Coal Import and Supply Company
  • Tanito Harum - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Peabody Energy - USA
  • Indian Oil Corporation Limited
  • Holcim Trading Pte Ltd - Singapore
  • Leighton Contractors Pty Ltd - Australia
  • BRS Brokers - Singapore
  • Deloitte Consulting - India
  • ANZ Bank - Australia