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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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Saturday, 31 October 09
FLSMIDTH WINS MAJOR INDIAN COAL HANDLING PROJECT
Top global supplier of minerals processing and materials handling equipment, FL smidth, has won another important coal handling contract in India
...
Saturday, 31 October 09
INDIA OPENING POWER SECTOR TO PRIVATE INVESTMENT, COAL STILL THE FUEL OF CHOICE
Energy Tribune reported that, With coal-fired power plants as the primary source, India’s electricity generation sector space has been dominat ...
Friday, 30 October 09
MINERS TOLD TO SPEND ON LOCAL SERVICE FIRMS
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies ...
Friday, 30 October 09
TATA POWER MAY BUY COAL FROM RIVERSDALE'S MOZAMBIQUE MINES
Bloomberg reported that, Tata Power Ltd., India’s biggest electricity generator outside state control, may buy coal from a mine in Mozambique ...
Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
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- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Romanian Commodities Exchange
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- The University of Queensland
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
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