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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, 29 October 12
US COAL EXPORTS ARE EXPECTED TO REACH 125 MILLION TONS THIS YEAR - EIA
COALspot.com - US coal exports are expected to reach 125 million tons this year, surpassing the old record of about 113 million tons set in 1981, sa ...
Sunday, 28 October 12
SUB-BIT INDONESIA COAL SWAPS (FOB ) FOR DECEMBER 2012 DELIVERY STAYED FLAT D-D
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery flat on D-D but gained 0.38 percent on W-W on Friday, 26 October 2012, ...
Sunday, 28 October 12
INDONESIA TO INDIA SUPRAMAX FREIGHT MARKET FAIRLY STEADY - VISTAAR
COALspot.com - The Cape size sector continued to remain active with iron ore movement being steady. All other sectors were down.
The BDI was up b ...
Friday, 26 October 12
SHIPPING MARKETS HEADING FOR DIVISION AND MULTI-TIER WILL BECOME THE NORM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It seems that something is expected to be fundamentally different in the way that the shipping markets will be operating in the future, according to ...
Friday, 26 October 12
DRY BULK MARKET FALLS ON WORRIES THAT RECENT RALLY WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market retreated yesterday as a result of a plunge of the Capesize dry bulk carriers' segment, after their latest rally. As a result, ...
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- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
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- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
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- Wood Mackenzie - Singapore
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- The University of Queensland
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- Malabar Cements Ltd - India
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- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Planning Commission, India
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
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- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Ministry of Mines - Canada
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