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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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Thursday, 08 November 12
LARGE ECO SUPRA : INDO - INDIA NOW FIXED AT USD 11K FOR DELIVERY SINGAPORE - FEARNLEYS
Handy
The Atlantic market continues to remain weak with rates further softening on FH. Rates from USG to Feast were around USD 14k and Black Sea to ...
Thursday, 08 November 12
DRY BULK MARKET RETREATS AGAIN ON HIGHER SHIP SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In further evidence of a latest round of dry bulk shipping misery, the industry's benchmark fell for the 11th straight session yesterday, as the in ...
Thursday, 08 November 12
JOIN CHINA STEAM COAL SUPPLY - DEMAND FORUM
Join China Steam Coal Supply-Demand Forum & Visit Shenhua Yudean Zhuhai Port Coal Terminal
Press Release - Organized by CBI BIZ and suppo ...
Wednesday, 07 November 12
NEWBUILDING ORDERING ACTIVITY ON A STEADY PACE PRIOR TO THE END OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Newbuilding orders, which to many involved in the shipping industry, are the main reason of today's low freight rates and subsequent financial prob ...
Tuesday, 06 November 12
NOVEMBER 2012 HBA $35.21 LOWER THAN A YEAR AGO
COALspot.com - The Indonesian government’s declared coal reference price for November’ 12 has lost US$ 4.60 per MT M-o-M.
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- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Minerals Council of Australia
- Sical Logistics Limited - India
- Australian Coal Association
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
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