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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, 15 October 12
IT'S STRICTLY COME CHARTERING - CLARKSON RESEARCH SERVICES
The charter market is a bit of a dance between ship owner and charterer: one leader, one follower; one step, two steps, turn... The dance is symbiot ...
Sunday, 14 October 12
SUB-BIT INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS: SOFT
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery lost 0.329 percent w- w but gained 0.248 percent d-d on Friday, 12 Oct ...
Sunday, 14 October 12
SUPRAMAX FREIGHT STEADY: PANAMAX FREIGHTS FIRM - VISTAAR
COALspot.com - The shipping market saw some hectic activity in the Cape and panamax sector and quite a lot of fixtures reported.
The BDI was up b ...
Friday, 12 October 12
HOW REAL IS THE THREAT OF PIRACY? - BIMCO
The threat of modern piracy remains serious, regardless of its seasonal variations and the fact that it is chiefly confined to the Indian Ocean, Gul ...
Friday, 12 October 12
INVESTMENT OPPORTUNITIES OCCUR IN THE SECOND HAND VESSEL MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although 2012 has by now evolved into one of the most challenging years for global shipping industry, ship owners are scouting the second hand ship ...
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- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Minerals Council of Australia
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Planning Commission, India
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Australian Coal Association
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
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