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Thursday, 06 October 11
REALM SECURES 51% OF KATINGAN RIA COAL PROJECT IN CENTRAL KALIMANTAN
•Realm secures 51% of PT Katingan Ria Thermal Coal Project in Central Kalimantan
•Realm takes ownership of Kalres Limited
•Acquisition finalization (to 75%) and project development work begins
COALspot.com - Realm Resources Ltd announces that it has completed the acquisition of Kalres Limited and through Kalres acquired 51% of PT Katingan Ria (PTKR), an advanced thermal coal exploration project located in Central Kalimantan, Indonesia, for a total transaction value of US$12.6 million and 15 million Performance Rights.
The Katingan Ria Project has the potential to establish Realm as a thermal coal producer within the next 12 months in a nation that has an established coal industry; and is ideally located to export to the high demand southeast Asian markets. Kalres is party to a Master agreement under which Kalres can acquire up to a 75% interest in PTKR.
Commenting on the acquisition, Realm's Managing Director Richard Rossiter said, “ This is a company transforming acquisition. We are excited to have reached this significant milestone in the company’s progress as a coal developer. Work now begins to accelerate the path to production and complete the acquisition to the agreed 75% owner ship level .”
According to the company's report to ASX Australia, A feasibility study on the Katingan Ria Project will be refined with the aim of bringing the Katingan Ria Project into production by mid CY2012. In addition, PTKR will progress the Pinjam Pakai Exploitation license (which allows mining) in respect of 1,500 hectares in the southern part of the Katingan Ria Project as part of Tranche 2 under the Master Agreement. Tranche 2 acquisition is scheduled to be completed by 31 March 2012 subject to satisfactory feasibility study results.
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Wednesday, 30 September 20
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Tuesday, 29 September 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.73 PCT - XINHUA
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Tuesday, 29 September 20
SHIPPING MARKET - ALLIED
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INDONESIAN COAL COMPANIES' EARNINGS TO WEAKEN IN 2H20 - FITCH RATINGS
Rated Indonesian coal miners and contractors will have weaker operating and financial performances in the second half of 2020 than in the first, sa ...
Tuesday, 29 September 20
RUSSIA'S COAL PRODUCTION TO DROP BY 10.5% IN 2020, SAYS MINISTRY - TASS
Russia’s Economic Development Ministry projects a 10.5% decrease in coal production in the country in 2020 compared with last year to 395 mln ...
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- Maheswari Brothers Coal Limited - India
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- Renaissance Capital - South Africa
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- Meenaskhi Energy Private Limited - India
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- Economic Council, Georgia
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- Coal and Oil Company - UAE
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- Australian Coal Association
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- Directorate Of Revenue Intelligence - India
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- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- White Energy Company Limited
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- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
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- AsiaOL BioFuels Corp., Philippines
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- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
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- Parliament of New Zealand
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- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
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- Wilmar Investment Holdings
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- GMR Energy Limited - India
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- The University of Queensland
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- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
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- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
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- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
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- Energy Link Ltd, New Zealand
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- Romanian Commodities Exchange
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- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
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- Commonwealth Bank - Australia
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