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Thursday, 09 February 12
RESOURCE ALAM BUYS 28,521HA CONCESSIONS - INSIDER STORIES


Insider Stories reported that, PT Resource Alam Indonesia Tbk (KKGI), owned by Adijanto family, today announced acquisition of 75% interest in PT Kaltim Mineral, PT Jaya   Mineral, and PT Tambang Mulia for a total value of US$6.25 million. Resource Alam also agreed to buy 75% interest PT Chaido Mega Mineral for Rp15 billion.

Kaltim Mineral, Jaya Mineral, and Tambang Mulia are developing green-field projects in Kutai Timur, East Kalimantan. Each company is holding a coal   mining concession, all granted in 2010. The three concessions cover a combined adjoining area of 23,521 hectares. Production is expected to   commence in 2015.

Chaido is a coal mining company in Kutai Kertanegara, East Kalimantan. It holds a coal concession, granted in 2009, in a total area of 5,000 hectares.

The company targets Chaido to commence operation by 2013. Resource Alam has performed due diligence survey and considers all the concessions to have prospective open-cut mining potential. The company has commissioned PT Britmindo, a reputable mining consultant to conduct intensive geological studies on some of the above concessions.
Source: Insider Stories


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Friday, 18 May 12
NICKEL ORE CARGOES ARE NOT SEEN IN MARKET ANYMORE DUE TO ON-GOING INDONESIAN BAN - FEARNLEYS AS
Handy The market remained variable. Fronthaul voyages both from Baltic and Black Sea paid over USD 18k/day. From USG to Cont tonnage would get ...


Thursday, 17 May 12
COAL MINERS OPPOSE EXPORT TAX, SUGGEST OUTPUT QUOTA - THE JAKARTA POST
The Jakarta Post reported that, coal miners have suggested that the government apply a production quota instead of implementing an export tax in ord ...


Thursday, 17 May 12
DRY BULK MARKET STILL LOOKING FOR NEW DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on moving sideways during this week, with the mixed performance across all segments. Yesterday, the industry’s be ...


Tuesday, 15 May 12
POTENTIAL BOOM OF CHINA’S COAL IMPORTS COULD PROVIDE FURTHER SUPPORT TO DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been moving sideways during the past week with the industry’s benchmark, the Baltic Dry Index (BDI) losing 0.53% on th ...


Saturday, 12 May 12
THE SHIPPING MARKET IS UNLIKELY TO SEE A REBOUND ANYTIME SOON - VISTAAR SINGAPORE
COALspot.com - The BDI softened this week and it was down by 1.64 pct closing at 1,138 points. The cape index was up by 2.41 pct closing at 1,61 ...


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