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Thursday, 20 October 11
BRACKEN INTERNATIONAL MINING LISTS ON FRANKFURT STOCK EXCHANGE
Press Release - Bracken International Mining (Code:1BM) listed on the Deutsche Börse’s Frankfurt Stock Exchange today at €1.00 with an opening market capitilisation of €500 million.
Executive Chairman Luke Bracken says now the company has successfully listed it will be able to move assertively into a multi-billion dollar mining business on a global scale.
“We have secured the operating mining licenses for six high-grade Manganese mines in Indonesia, with combined reserves in excess of 300 million tons,” Mr. Bracken says.
“Government licenses have been secured to enable construction of the first smelter close to the mines and a new source of electricity is due to be commissioned in October of this year within a few kilometers of the proposed smelter site at Kupang.
“The mines have been producing ore in a limited capacity since early 2010, with trial exports of Manganese shipped to customers in China, however the retooling of new plant and equipment in the coming months will allow the company to increase export capacity to meet contract requirements above 50,000 MT per month.”
The new benefaction plant will have a total production capacity of 240,000 MT per month.
BIM currently has a signed contract through its New York trading partners to deliver 10,000 MT per month into China for an agreed five year period, with expressions of interest from a further six companies from India and China.
Manganese is the fourth most used metal in terms of tonnage, being ranked behind iron, aluminum and copper, and is an extremely valuable commodity with world demand depending directly on the needs of the steel industry.
Mr. Bracken says BIM’s listing on the Frankfurt Stock Exchange will provide the company with exposure into a larger international capital market, which will help facilitate desired growth.
“We plan to grow the company to become more than just a junior miner and develop our markets throughout Asia, the Americas and Europe,” Mr. Bracken says.
“BIM has a number of thermal coal licenses in Australia and Indonesia under review that we are in the negotiation process of acquiring.
"The company is also negotiating an interest in gold in the USA and we expect to make progress in this area during the year.”
For more information, please visit www.brackenmining.com.au
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Wednesday, 02 September 20
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DEFECTIVE PASSAGE PLANNING: UNSEAWORTHINESS OR A NAVIGATIONAL DECISION? THE CMA CGM LIBRA QUESTION SAILS ON TO THE UK SUPREME COURT - GARD
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- Interocean Group of Companies - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- McConnell Dowell - Australia
- London Commodity Brokers - England
- Thai Mozambique Logistica
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- Medco Energi Mining Internasional
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- New Zealand Coal & Carbon
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- Chamber of Mines of South Africa
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- Gujarat Mineral Development Corp Ltd - India
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- Tata Chemicals Ltd - India
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- Aditya Birla Group - India
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- Energy Link Ltd, New Zealand
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- Africa Commodities Group - South Africa
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- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Coal and Oil Company - UAE
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- Planning Commission, India
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- Minerals Council of Australia
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- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
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- LBH Netherlands Bv - Netherlands
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- Economic Council, Georgia
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- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
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- VISA Power Limited - India
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- Indian Energy Exchange, India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
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- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
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- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
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- Deloitte Consulting - India
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- Kohat Cement Company Ltd. - Pakistan
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- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
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- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
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- Power Finance Corporation Ltd., India
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- The Treasury - Australian Government
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- Bukit Makmur.PT - Indonesia
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- Mercator Lines Limited - India
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- Merrill Lynch Commodities Europe
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- Indonesian Coal Mining Association
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- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
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