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Tuesday, 13 November 12
INITIAL COAL PRODUCTION AT KATINGAN RIA ON TRACK FOR 2013 FOLLOWING GRANTING OF 'IN PRINCIPLE' FORESTRY PERMIT, INDONESIA
 Realm Resources Ltd (“Realm” or the “Company” - ASX: RRP) has announced that its application to upgrade its exploration forestry permit at its flagship Central Katingan Ria thermal coal project to operational status has been approved, in principle, by the Indonesian Ministry of Forestry (No. S.515/Menhut-VII/2012 dated 7 November 2012).
Katingan Ria (Realm 51% interest, option to increase to 75%), located in Kalimantan, Indonesia, has the potential to be a simple, open-cut operation that will supply low ash coal ideally suited for Indian and Chinese power generation.
- Realm’s Exploration Forestry Permit has been upgraded to an In-Principle Forestry Operations Permit paving the way for the final Forestry Operations Permit and forecast production in 2013
- The In-Principle License was granted over the requested area of 3,058.25 ha with work now focused on satisfying the conditions to commence mining operations in the first 1,000 ha
- Drilling underway to upgrade current 102Mt JORC resource
Commenting on the development, Realm’s chairman, Richard Rossiter said “we are pleased that the final stage in forestry permitting is drawing to a close, after slower than forecast progress. The In-Principle Licence is the last stage prior to the issuance of the “Borrow and Use of Forest Area Permit” or so called Ijin Pinjam Pakai Kawasan Hutan (“IPPKH”) which allows the Company to start mining. This lends strong support to Realm’s ambitions to commence production in 2013”.
The Company recognizes and appreciates the professionalism and procedural discipline of its Indonesian partners in successfully securing this license - a milestone that only a handful of mining companies have achieved this year in Indonesia.
Following granting of the IPPKH the Company will be able to commence mining operations within its concession areas as well as to transport the coal and store it.
The In-Principle License was granted over the requested area of 3,058.25 ha, with work now having commenced on satisfying the conditions to commence mining operations in the first 1,000 ha of this area. Whilst the Company has two years to satisfy the conditions of the In-Principle License and thus be granted the IPPKH, it is expected that the conditions will be satisfied within 6 months.
At present, drilling is advancing to upgrade certainty of the 102Mt JORC compliant resource. The program will form the basis of the feasibility study, with drilling results anticipated in 4Q2012.
About Realm
Realm’s strategy is to create shareholder value through exploration and development of bulk commodity projects, primarily in coal. In addition, the Company has platinum group metals, advanced exploration projects and an aluminium dross treatment plant in South Africa.
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Thursday, 22 November 12
HANDY: INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 12500 - FEARNRESEARCH
Handy
The north Continent is seeing plenty of tonnages but lack of cargoes. TA business are around 11k and fronthaul is around 17k.Tonnages has tig ...
Thursday, 22 November 12
DRY BULK MARKET RISE, BUT OUTLOOK SEEN DIM ON THE BACK OF RECORD NEW BUILDING DELIVERIES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been under hefty pressure since the start of the year, as a result of record newbuilding deliveries and below-par demand for ...
Wednesday, 21 November 12
LITTLE IMPACT FROM DISSOLUTION OF BP MIGAS ON INDONESIAN OIL & GAS COMPANIES - FITCH
Fitch Ratings has said that the recent court order to abolish the Indonesian upstream oil and gas regulator, BP Migas, has minimal immediate impact ...
Wednesday, 21 November 12
ORPHEUS ENERGY SECURES FIRST COAL OFF TAKE CONTRACT
COALspot.com - Orpheus Energy Limited (ASX:OEG) has announced that it has signed a coal sales contract with an Indonesian steel manufacturing compan ...
Tuesday, 20 November 12
AUSTRALIAN NEWCASTLE PORT HAS LOADED 13.18 PERCENT LESS COAL W-W
COALspot.com - Newcastle port in Australia has loaded 2,691,731 MT of thermal and coking coal for week ended 0700 hours 19 November 2012, Newc ...
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