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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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Sunday, 04 November 12
SUB-BIT INDONESIA COAL SWAPS FOR DECEMBER' 12 DELIVERY FALLS TO $ 59.78
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery fell -1.02 percent on WoW but gained 0.08 percent on D-D on Friday, 2 ...
Saturday, 03 November 12
THE SUPRAMAX FREIGHT EXPECTED TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - This week the market remained soft with all the sectors soft.
The BDI and was down by 6 pct closing at 986 points. The cape index ...
Saturday, 03 November 12
DEMOLITION IS THE KEY FOR DRY BULK SHIPPING'S RECOVERY SAYS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With the number of new building deliveries so far in 2012 already having surpassed the total of 2011, it's more than clear that the dry bulk sector ...
Thursday, 01 November 12
INDONESIA HAS REVISED DOWN ITS 2012 DOMESTIC MARKET OBLIGATION REQUIREMENT FOR COAL
COALspot.com - Minister of Energy and Mineral Resources of Indonesia has revised down its 2012 domestic market obligation requirement due to lower d ...
Thursday, 01 November 12
SOUTH KOREAN POWER UTILITY EWP TO PURCHASE 670,000 MT OF COAL FOR JAN - FEB 2013 DELIVERY
COALspot.com: Korea East-West Power Co. Ltd. on behalf of Korea South-East Power Co. Ltd., Korea Southern Power Co. Ltd., Korea Midland Power Co. Lt ...
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- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Planning Commission, India
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Minerals Council of Australia
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Economic Council, Georgia
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
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