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.
|
|
Tuesday, 08 January 13
HOLIDAY ACTIVITY SCARCE IN THE MARKET OF SECOND HAND VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Although the market for second hand vessel purchasing was quite lull during the Holiday period, as is usually the case, the first days of the New Ye ...
Tuesday, 08 January 13
NEWCASTLE PORT SHIPPED 3.197 MILLION MT OF COAL W/E 7 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 3,197,580 MT of thermal and coking coal for week ended 0700 hours 7 January 2013, Newcas ...
Sunday, 06 January 13
CFR SOUTH CHINA COAL: 2014 DELIVERY CLOSED US$ 6.80 HIGHER THAN Q1 '13 PRICE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has gained 0.37 percent WoW and CFR South China coal sh ...
Sunday, 06 January 13
COAL BOOM: WAKE-UP CALL FOR INDIA & INDONESIA! - SUNIL K KUMBHAT
COALspot.com - Coal Boom : Scenario, Now & later!
Coal has been the dominant fuel for power generating plants in developed countries since th ...
Sunday, 06 January 13
FREIGHT MARKET REMAINED FAIRLY STEADY - VISTAAR
WISH YOU ALL HAPPY NEW YEAR
COALspot.com - The freight market remained fairly steady in spite of Christmas / New Year Holidays. The BDI was almos ...
|
|
|
Showing 4431 to 4435 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
|
| |
| |
|
