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Sunday, 01 November 09
ADAVALE RESOURCES MAKES COAL ACQUISITIONS IN INDONESIA
 Adavale Resources Limited has entered into an agreement to acquire the rights to two thermal coal projects Tapan and Jambi in Sumatra Indonesia, held by United Energy and Resources.
Under the agreement, Adavale will fund an initial exploration program to seek to upgrade the existing 15 million tonne inferred coal resource at the Tapan project to a Measured Coal Resource of 5 million tonnes.
The expected costs of this initial program will be an upfront payment of USD 110,000 and subject to a review of due diligence up to a further USD 650,000.
On completion of proving up a 5 million tonnes resource and Adavale being satisfied with the development to that date, Adavale will provide up to a further USD 3.4 million to develop and gain all necessary approvals to take the project through to the mining stage.
Mr Richard Poole chairman of Adavale Resources said that “Whilst recognizing the substantial opportunities for successful mining development in Indonesia, Adavale is aware of the potential risks and have been working hard to reduce these as much as possible. We are developing the projects in stages.”
The works program to seek to prove up a Measured Coal Resource will commence during the first week of November. The program will focus on proving up a Measured Coal Resource and will include mine planning in order to ensure an efficient and economically viable mining operation for the Tapan Project can be developed. First production at Tapan is being targeted for the second quarter of 2010.
The company is expected to development Jambi after Tapan. Preliminary drilling and trenching has identified an inferred coal resource in excess of 20 million tonnes at Jambi.
Adavale has acquired ‘United’s’ rights to a MOU over four coal concessions within the Jambi Province. Adavale’s initial target is within an Exploration Licence of 10,000 hectare located close to the provincial capital of Jambi.
Source: Steel Guru
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Monday, 09 November 09
SAM'S SEAFOOD HOLDINGS SET TO COMMENCE DRILLING AT INDONESIAN COAL PROJECT
Proactive Investors reported that, Sam's Seafood Holdings is preparing to kick off diamond drilling at the company's Indonesian coal project after ...
Saturday, 07 November 09
THE STEAM COAL MOVEMENT FROM INDONESIA TO INDIA REMAINED QUITE STRONG - CAPT. REDDY
COALspot.com (Singapore): The BDI continued rising this week and was up by 290 points up by almost 9 pct and the index closed at 3,393 points.
B ...
Friday, 06 November 09
COAL INDIA ABANDONS PLAN TO BUY ASSET IN AUSTRALIA
Coal India’s efforts to acquire a mid-sized virgin thermal coal block from a private party in Australia have drawn a blank.
The effort was ...
Friday, 06 November 09
NEW ASSETS WILL INCREASE COKING AND THERMAL COAL PRODUCTION
Coal and metals processing company Coal of Africa Limited (CoAL) aims to produce 10-million tons a year of coking coal and two-million tons a year o ...
Friday, 06 November 09
NTPC TO APPOINT MERCHANT BANKER FOR S AFRICA COAL MINE
State-run power producer NTPC, which is eyeing coal mines in South Africa to meet the gap in domestic fuel supply, will appoint a merchant banker ne ...
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- Malabar Cements Ltd - India
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- SMG Consultants - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
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- International Coal Ventures Pvt Ltd - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
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- Africa Commodities Group - South Africa
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- Indian Energy Exchange, India
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- Australian Coal Association
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- Georgia Ports Authority, United States
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- Directorate Of Revenue Intelligence - India
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- Rio Tinto Coal - Australia
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- ASAPP Information Group - India
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- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
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- PNOC Exploration Corporation - Philippines
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- Renaissance Capital - South Africa
- The University of Queensland
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- Semirara Mining and Power Corporation, Philippines
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- Cement Manufacturers Association - India
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- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
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- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
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- TeaM Sual Corporation - Philippines
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- Australian Commodity Traders Exchange
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- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
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- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- Bulk Trading Sa - Switzerland
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- Edison Trading Spa - Italy
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- GMR Energy Limited - India
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- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
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- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
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- GN Power Mariveles Coal Plant, Philippines
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- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
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- Electricity Authority, New Zealand
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- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
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- Minerals Council of Australia
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- Economic Council, Georgia
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