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Monday, 12 November 12
DRILLING COMPLETED AT THE MOORLANDS DEPOSIT, WEST BOWEN PROJECT
 Press Release - Cuesta Coal Limited (ASX: CQC) (“Cuesta”) is pleased to announce it has completed its exploration activities at the Moorlands Deposit (EPC 1738) located at the Company’s 100% owned West Bowen Project in the Western Bowen Basin, Queensland. Completed Work in 2012. Since the commencement of the 2012 exploration activities, a total of 18 open PCD holes and 6 partially cored 100mm holes have been completed and geophysically logged. Coring activities have been focussed in the open cut target area to obtain detailed coal analysis for six (6) individual coal seams, namely B4, B6, B7, B8, B9 and B10.
As per a recent announcement dated 18 October 2012, coring has confirmed geophysical logs, that the B8 and B9 seams are of primary importance, being 8m – 12m and 3m – 4m thick respectively. Cuesta also completed down hole optical scanning of the coal seams on 10 holes to substantiate structural patterns and to photograph the seams and stratigraphy for input into the revised 3D geological model. Together with the coal quality analyses and other data once completed, Cuesta will immediately progress to undertake a scoping study for potential open pit mining.
- 24 holes completed totaling 3212m, all holes geophysically logged
- 6 cored holes completed in Open Cut Target Area and samples dispatched for analysis
- Revised 3D geological modeling underway targeted for completion in 4 weeks
- Mine scoping studies and further exploration activities expected in 2013 following resource estimate
- Remains a priority target for the Company with plans to fast track the project into production
- The Moorlands Deposit has a current JORC Inferred Coal Resource of 39.5 Mt
- The Deposit is location 14 km West of the Blair Athol Coal Mine owned by Rio Tinto Coal
Remaining Planned Work for 2012
The proposed open cut target area will consist of the B4, B6, B7, B8, B9, B10 and the Monteagle Seam and the revised resource estimate will be conducted upon the receipt of coal quality data. Once the revised resource estimate has been finalised, mine scoping studies will commence to determine the project economics prior to further exploration activities including step out and infill drilling in 2013.
A longer term underground opportunity is present to the immediate south of the open cut target area; however the Company intends to focus on the open cut area to fast track production activities. The Company is also finalising a study on additional credible target areas in close vicinity of the Moorlands Deposit that have previously been untested. Should additional coal measures be identified, they could enhance the overall project scale and future economics.
Cuesta Coal’s Managing Director, Matt Crawford said: “Cuesta is very encouraged by the progress made at the Moorlands Deposit for the 2012 drill season. This is the third exploration program that our technical team has successfully completed this year. “The thick seams and close proximity to the surface of the Moorlands Deposit open cut target area reinforces the view of the Board and Management that the project should be the key focus for the Company. It is envisaged that the project can be fast tracked into production as a small scale, low cost thermal coal operation delivering early cash flows to the Company. “The program was completed without incident to personnel or the environment and Cuesta remains committed to a high standard on health and safety and environment. “We look forward to updating our shareholders on the revised resource estimate and additionally the Yellow Jacket Project drilling activities.”
About the West Bowen Project
The West Bowen Coal Project stretches over an area of 1,000km2 and is located 25km West of Clermont, Queensland. It consist of EPC 1738 and 1891 and EPCA 2008, which sit in close proximity to the Rio Tinto Blair Athol Open Cut Coal Mine which has operated since 1984 and produced up to 12Mt of thermal coal per annum.
Cuesta’s Inferred Mineral Resource of 39.5Mt in accordance with the JORC code (2004) guidelines is located within EPC 1738, known as the Moorlands Deposit. This resource is contained within a discrete Permian sub‐basin situated approximately 14km northwest from the Blair Athol Mine. Cuesta is conducting detailed geological desktop assessments to identify additional coal bearing targets to the Moorlands Deposit, primarily in EPC 1891 with an aim to conduct scout drilling in 2013.
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Monday, 12 November 12
THE ESTABLISHMENT OF NORTH KALIMANTAN AS A NEW PROVINCE WILL NOT AFFECT THE LOCAL MINING COMPANIES
The government of Indonesia has ensured that the establishment of North Kalimantan as a new province will not affect the local mining companies ...
Monday, 12 November 12
BARGE-LOAD OF 5K TONNES OF COAL FROM THE ADK JOINT VENTURE SHIPPED LAST WEEK
COALspot.com - Orpheus Energy (ASX:OEG) has announced that, it has successfully shipped a 5,000 tonne of ADK thermal coal to an Indonesian trading g ...
Sunday, 11 November 12
AN OPTIMISTIC WEEK FOR INDONESIAN SUB-BIT COAL
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for January 2013 delivery gains 2.08 percent WoW and 1.28 percent DoD on Friday, 9 November ...
Sunday, 11 November 12
THE IRON ORE AND COAL PRICES MOVEMENTS REMAINS LOW - VISTAAR
COALspot.com The market remained soft with all the sectors soft.
The BDI and was down by 4.67 pct closing at 940 points, on Friday 9 Novemb ...
Friday, 09 November 12
SHIP OWNERS TURN TO SECOND HAND VESSELS, WHICH COME AT ATTRACTIVE PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The attractiveness of modern second hand vessels, which are often priced aggressively can't be ignored by cash-rich ship owners, who are taking adv ...
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- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- White Energy Company Limited
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Australian Coal Association
- The University of Queensland
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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