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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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Friday, 23 October 09
AUSTRALIA APPROVES CHINESE TAKEOVER OF FELIX RESOURCES
* Australia give conditional approval to China's Felix deal
* Chinese owner must list the assets on Australian exchange
Reuters reported that, ...
Friday, 23 October 09
IVANHOE TARGETING 20 MILLION TONS OF COAL OUTPUT IN MONGOLIA
Bloomberg reported that, Ivanhoe Mines Ltd., developing a $4 billion copper and gold mine in Mongolia with Rio Tinto Group, is targeting long-term c ...
Friday, 23 October 09
XSTRATA PLANS $1BN AUSTRALIAN COAL PORT
Xstrata Plc, the world's biggest exporter of steam coal, plans to build a new $1 billion coal port in Australia, it said.
The proposed Balaclava ...
Friday, 23 October 09
MEXICO'S CFE SEEKS 6.24 MLN T COAL FOR 2010-12
Reuters reported that, Mexico's state-owned power monopoly plans to award a tender for 6.24 million tonnes of steam coal in December, according to ...
Friday, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward re ...
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- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Siam City Cement - Thailand
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
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