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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, 09 May 13
THE WORLD LARGEST POWER PLANT COAL EXPORTER SHIPPED 36 MILLION TONS OF COAL IN MARCH
COALspot.com: Indonesia, the world largest multi grade coal exporter has shipped 36.165* million tons of coal in March 2013.
Ac ...
Thursday, 09 May 13
DRY BULK SHIP OWNERS KEEP BUILDING NEW VESSELS ON THE BACK OF LOWER PRICES AND IMPROVED MARKET PROSPECTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the doom and gloom that the dry bulk market has experienced during the past couple of years and especially during 2012, ship owners have inc ...
Thursday, 09 May 13
HANDY : RBCT ROUNDS FIXED AT USD 8000 DOP ECI - FEARNRESEARCH
Handy
The atlantic market started to pick up with new orders. The USG-Feast was at USD 20k and Black sea-feast was at USD 12k. The pacific mkt rema ...
Wednesday, 08 May 13
PANAMAX VESSELS PROVE TO BE "STARS OF THE MONTH" FOR THE DRY BULK MARKET DURING APRIL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
They have taken a beating on various occasions during the past few years of the dry bulk market's crisis, but the fact remains, that despite the he ...
Tuesday, 07 May 13
NEWCASTLE PORT'S COAL EXPORTS HOLD STEADY WEEK ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,975,160 tons of thermal and coking coal for week ended 0700 hours 6 May 2013, Newcastl ...
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- Bhatia International Limited - India
- Marubeni Corporation - India
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- The University of Queensland
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
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