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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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Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter sessi ...
Sunday, 01 November 09
THE COAL MOVEMENT TO INDIA FROM SOUTH AFRICA AND INDONESIA WOULD BE CONTINUE INCREASE - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI continued to be firm with an increase of 60 points and closed at 3,103 points.
The cape index also was firm an ...
Sunday, 01 November 09
INDONESIA ADARO Q3 NET PROFIT JUMPS ON COAL DEMAND
* Q3 net profit up 131.6 percent to 1.27 trillion rupiah
* Q3 revenue up 56.8 percent to 7.12 trillion rupiah
Reuters reported that, Indonesia' ...
Sunday, 01 November 09
PT INDIKA MAY BUY STAKES IN BHPB INDONESIA OPERATIONS
Dow Jones reported that Indonesian coal producer PT Indika Energy may buy stakes in BHP Billiton Limited's Indonesian coal operations and in local ...
Saturday, 31 October 09
PRODUCERS BENEFIT FROM COAL'S TIGHT SUPPLY AND STRONG DEMAND
The Jakarta Post reported that, The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic ...
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- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
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- Sindya Power Generating Company Private Ltd
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- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
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- Electricity Authority, New Zealand
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- Mintek Dendrill Indonesia
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- PetroVietnam Power Coal Import and Supply Company
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- PNOC Exploration Corporation - Philippines
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- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
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- Sical Logistics Limited - India
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- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
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- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
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- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
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- Power Finance Corporation Ltd., India
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- ICICI Bank Limited - India
- Deloitte Consulting - India
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
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- Dalmia Cement Bharat India
- PTC India Limited - India
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
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- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
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- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
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