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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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Thursday, 05 November 09
MERCATOR LINES AIMS TO BECOME A $5 BILLION COMPANY
Mercator Lines, India’s second largest private sector shipping line, plans to invest and expand, riding India’s next wave of growth, the ...
Thursday, 05 November 09
HMS BERGBAU AG OPENING INDIAN OFFICE
Further step on internationalization track Office in Mumbai Participation in demand for coal imports
HMS Bergbau AG, is an international coal tra ...
Thursday, 05 November 09
SAM'S SEAFOOD HOLDINGS MOVES STEP CLOSER TO COAL EXPLORATION IN INDONESIA
Sam’s Seafood Holdings Limited, which is proposed to be renamed Pan Asia Corporation Limited, is moving closer to becoming an exploration and ...
Wednesday, 04 November 09
INDONESIA CAP ON COAL EXPORTS MAY HIT INDIAN POWER SECTOR
BL reported that Karnataka power sector is likely to be partially impacted by the Indonesian Government move to restrict coal exports.
Private se ...
Wednesday, 04 November 09
SA 2010 COAL EXPORTS SEEN AT 65M TO 68M TONS - ANALYSTS
South Africa's thermal coal exports could rise to as high as 68 million tonnes in 2010 but are more likely to be 64-65 million compared to 60 milli ...
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- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
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