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Wednesday, 22 May 13
COKAL SIGNS JV WITH MDM, FOR BARITO RIVER BARGING
 COALspot.com - Cokal Limited (ASX: CKA) has announced that it has entered into a 50:50 Joint Venture (JV) with Meratus Advance Maritime (MDM) one of the leading Indonesian shipping company providing point-to-point transportation solutions to transport coking coal from BBM mine. The JV will own and manage the shallow river barges and tugs design specifically for PT Bumi Barito Mineral (BBM).
According to company's website, the Bumi Barito Mineral (BBM) is a PMA company with an ownership structure of 60% Cokal and 40% Indonesian owners. The mine covers an area of ~19,400ha and is immediately adjacent to BHPBilliton's Juloi tenement, straddling the Barito River. The low ash coking coal will be produced from shallow opencut mining extraction using trucks and shovels. The coal will travel ~700 kilometres down the Barito River using river barging techniques tried and proven on similar rivers in many countries including the USA and Brazil.
MDM is part of the Meratus Group which has operated in Indonesian shipping since 1957 and has provided barging and shipping services to a number of the major Kalimantan coal operations. MDM have also worked on the Barito River over a number of years. The Barito is a major coal barging river on which BBM is located.
The JV is an accumulation of almost 2 years of studies into river based shallow draft barging systems which have confirmed its effectiveness on the Barito River. While shallow draft barging systems are used extensively worldwide the system has not been used in Indonesia to date, the note from company says.
Recently the BBM’s river barging solution moved to the next phase and US Naval Architects were retained to do detailed design for contract tenders to be issued. This is scheduled for completion in third quarter 2013. MDM’s practical input and detail knowledge of barging on the Barito has been invaluable in this phase.
Cokal’s Chairman and CEO Mr Peter Lynch said “this strategic partnership enables MDM to bring the experience and knowhow necessary to ensure the success of river barging on the Barito River, and for Cokal to be a part of controlling the critical part of its supply chain. This is a significant achievement for Cokal as we draw closer to the commencement of our coking coal production in a mid 2014”.
MDM Coal Transloader
MDM will operate the river barges and the river supply chain. They have a proven track record in this area and are experienced and well respected operator throughout Indonesia where they are known for their innovative solutions.
MDM’s Managing Director, Jorn Annweiler said “given our extensive experience in river barging in Indonesia we saw this as a real opportunity to be part of introducing new concepts to river barging in Indonesian that will bring about significant change and benefits to the industry”.
ABOUT MDM
Meratus is a leading Indonesian shipping company providing point-to-point transportation solutions. It has an integrated network of owned offices throughout Indonesia and places strong emphasis on safety, quality and customer focus. All vessels are maintained to international standards with AIACS and BKI Class, ISM and 9001 certification.
Established in 1957 Meratus has grown and become a household name in Indonesian shipping. Currently Meratus is engaged in several sectors of shipping and transportation.
ABOUT COKAL
Cokal Limited Cokal Limited (ASX:CKA) is an Australian listed company with the objective of becoming a metallurgical coal producer with a global presence. Cokal has interests in five projects in Central Kalimantan and one project (which holds three exploration licences) in West Kalimantan, Indonesia considered prospective for metallurgical coal. Cokal has also signed a joint venture with Tanzoz Resource Company Limited to explore for coal in Tanzania and a co-operation agreement with Mozambique Government Mining Corporation, EMEM, to explore for coking coal in the emerging coal province of Mozambique.
ABOUT BBM
The BBM Coal Project (IUP 188.45/149/2013) is situated in Central Kalimantan, Indonesia in the prospective metallurgical Upper Barito Coal Basin, Regency of Murung Raya. The Project covers an area of 15,000 hectares. The Project is adjacent to the BHP Billiton’s, Indomet Coal, Joloi Project in Murung Raya Regency.
BBM has a JORC Resource of 77 Million tonnes (Mt) in multiple seams comprised of 70Mt Inferred and 7Mt Indicated as well as an Exploration Target1 of 200 to 350Mt in thirteen seams within the Eastern Block of the BBM IUP (approximately 40 percent of the Project area). Cokal is completing definitive studies and obtaining the necessary approvals with the aim of commencing construction in October 2013 which would see first production occur in the first half of 2014.
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Thursday, 30 May 13
HANDY: RBCT ROUND WAS AROUND USD 9K + 300 BB - FEARNRESEARCH
Handy
THE Atlantic market remained flat. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 12k. The Pacific market remained quiet with no ...
Wednesday, 29 May 13
SHIP OWNERS KEEP ON SPENDING ON NEWBUILDINGS AS PRICES ARE DEEMED TOO LOW TO RESIST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It's been yet another week on increased newbuilding ordering activity with Hellenic ship owners appearing rathe active, on the back of attractive f ...
Tuesday, 28 May 13
NEWCASTLE PORT SHIPPED 9.76 PERCENT MORE COAL W/E 27 MAY 2013
COALspot.com - Newcastle port in Australia has loaded 2,420,366 tons of coal for week ended 0700 hours 27 May 2013, Newcastle Port Corp. said ...
Sunday, 26 May 13
AMPLE SUPPLY, LOW DEMAND KEEP COAL PRICES UNDER PRESSURE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have lost 0.07 percent and API 8 CFR South China Coal shipment los ...
Friday, 24 May 13
ENGAGEMENT WITH POTENTIAL STRATEGIC AND OFF TAKE PARTNERS ACCELERATING - REALM RESOURCES
COALspot.com - Following the recent completion of the Feasibility Study, the Realm Resources Ltd. (ASX: RRP) has focused on securing strategic ...
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- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Planning Commission, India
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- PTC India Limited - India
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
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