We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 30 April 13
KATINGAN RIA THERMAL COAL TO START PRODUCTION FROM EARLY 2014
 COALspot.com - Realm Resources Ltd. (ASX: RRP) has announced the completion of the Feasibility Study for its 51% owned Katingan Ria thermal coal project (the “Project”) in Central Kalimantan, Indonesia.
According to the company’s report to ASX Limited, the study, independently reviewed by Xenith Consulting Pty. Limited (“Xenith”), supports the development of a 2.5 million tons per annum (Mtpa) (Base case) to 3.0Mtpa (Upside case) open cut mine with a life of mine of around fifteen years. The study was based on coal being hauled 40km - 45km to a stockpiling and barge loading facility on the Katingan River, then barged 435 km to the river mouth for transhipment into ships for delivery to market. The coal is expected to be predominately sold as a low ash and low sulphur coal ideally suited for modern Indian and Chinese power generation.
The Katingan Ria coal project is located near the town of Tumbang Samba in Central Kalimantan, Indonesia. The Project mining concession covers an area of some 4,258 ha within an area that has already been subject to commercial forestry operations (IUP Exploitation No. IUP OP No. 545/222/KPTS/VIII/2011). The Project aims to be a 2.5Mtpa – 3.0Mtpa open cut mine. Coal is transported from the pit by 60 t road trucks approximately 40km - 45 km to a stockpiling and barge loading facility on the Katingan River. Barges will then transport coal 435 km to the river mouth for transhipment into coal ships for delivery to market.
Coal will be sold “unwashed”, meaning there is no metallurgical treatment required to achieve a saleable product. The coal is expected to be predominately sold as a low ash and low sulphur coal ideally suited for modern Indian and Chinese power generation, the company’s announcement said.
HIGHLIGHTS
- Near horizontal, multi-seam coal deposit with JORC resources of 89Mt, including JORC reserves of 29Mt assuming a long term coal price of USD52/ton for the expected Katingan Ria coal quality;
- Indicative product specifications are consistent with Indonesian 4,200kcal/kg (GAR) low sulphur (0.2%) coal which is readily accepted in rapidly growing markets in India, China, Korea and Thailand;
- Low project start-up capital estimate of USD24M (including 30% contingency and USD6M working capital), implying a capital intensity of less than USD10/annual ton, thereby minimising investment risk;
- Life of mine (LOM) FOB cash costs of ~USD41/t (Base case) to ~USD39/t (Upside case) excluding royalties with the first five years averaging ~USD38/t due to lower strip ratios and haulage distances;
- NPV (100%) of USD78M (Base case) to USD111M (Upside case) at a 10% discount rate is most sensitive to coal price and operating costs and least sensitive to capital expenditure;
- Permitting is well advanced, supporting forecast production and ramp up from early 2014.
Commenting on the study, Chairman Richard Rossiter said, “We are pleased to achieve another key milestone as we progress Katingan Ria towards production in 2014. Together with our partners, we are now focused on advancing the final stages of permitting, and project financing and development”.
The Project is not capital intensive, with a total of USD18.5M required to establish a 2.5Mtpa to 3.0Mtpa contractor driven operation. An additional USD6M is required for working capital. Base case FOB cash costs are forecast to be USD37.62/t in the first five years with an average USD41.23/t over the life of mine (excluding royalties). Including royalties, FOB cash cost forecasts are USD 39.37/t and USD 42.68/t respectively. The average life of mine FOB cash cost in the Upside case is around USD2/t lower due to economies of scale. Permitting is in the final stages, and production is forecast as early as H1 2014, the company said in its report.
The Project is well advanced and has a high level of support from the local community and government. The balance of 49% of PTKR is held by professional Indonesian partners.
According to company, the company has identified following strengths for the project:
- The deposit (89.9Mt JORC resource, 29Mt JORC reserve) is structurally simple with a low strip-ratio, therefore leading to lower mining costs.
- The coal (4,200 GAR Kcal/kg raw coal basis) is relatively homogenous, low in sulphur (0.2%) and most likely to be marketed to the rapidly growing demand centres in India, China, Korea and Thailand.
- Low start-up capital.
- The Project requires no rail or port infrastructure to be developed and therefore could be bought into production relatively quickly.
- The key technical risks for the Project are:
- FOB cost factors associated with river seasonality and the transport distance to the coast.
- Margins received from the sale of the coal are very sensitive to coal price assumptions and potential increases in operating costs.
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 03 May 13
SHIP OWNERS ARE INVESTING HEAVILY IN DRY BULK CARRIER NEWBUILDINGS ONCE MORE: IS THERE ANY RATIONALE? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the dry bulk market remains heavily oversupplied and just as the orderbook of newbuildings had began to shrink, it seems that sh ...
Wednesday, 01 May 13
NEWCASTLE PORT SHIPPED 23.14 PER CENT MORE COAL WEEK ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,997,729 tons of thermal and coking coal for week ended 0700 hours 29 April 2013, Newca ...
Monday, 29 April 13
FIRST TRADES OF SGX API 8 CFR SOUTH CHINA COAL SWAP
COALspot.com - The SGX API 8 CFR South China Coal Swap went live for clearing on SGX-DC today with a total volume of 25,000 metric tonnes (25 lots). ...
Sunday, 28 April 13
SUB BIT INDONESIA COAL & CFR SOUTH CHINA COAL SWAPS STAY POSITIVE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average May 2013 delivery has gained 0.34 percent and CFR South China coal shipment gai ...
Sunday, 28 April 13
PANAMAX FREIGHT COULD BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - This BDI closed slightly lower at 871 points (down by 1.91 pct) mainly due to drop in the Panamax index by almost 10 pct.
Th ...
|
|
|
Showing 4296 to 4300 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Australian Coal Association
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Planning Commission, India
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
|
| |
| |
|
