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Thursday, 09 February 12
AUSTRALIA'S EPIC TO ACQUIRE 15,500 HA COAL EXPLORATION LICENCES IN EAST KALIMANTAN, INDONESIA
COALspot.com - Epic Resources Limited to acquire two coal concessions in Kutai Barat regency, East Kalimantan, Indonesia.
According to company's disclosure, the Agreement relates to two exploration licences (PT. Tata Borneo Wikajaya (5500 ha) & PT. Tata Buana Kharisma (10000 ha)) in the Long Bagun District, Kutai Barat Regency in East Kalimantan Indonesia.
The Project lies to the south west of the Mahakam River and in close proximity to the Mamahak Village, an area known to produce semi soft coking coal.
Highlights:
Potential to acquire up to 100% ownership in two coal exploration licences in East Kalimantan
Vendors to be paid A$800,000 via an issue of 4,000,000 Shares at a deemed issue price of A$0.20, a 90% premium to the last traded price for the acquisition of the initial Stage 1 Interest
Exploration licences are in close proximity to the Mamahak semi-soft coking coal mine
The exploration licences cover a total land area of 15,500Ha (155km2)
The Company will undertake a technical due diligence work program on the exploration licences
Company remains fully funded with approximately A$3.75m as at December 2011
About EPIC
Epic Resources is an Australian-based exploration company that was initially established to acquire, explore, evaluate and exploit uranium-REE deposits and explore prospective uranium tenements and other minerals.
Epic Resources entered into a Farm-in Agreement with Cazaly Iron Pty Ltd (Cazaly), pursuant to which the Company has a right to earn a 75% interest in the Quartz Hill Project.|
In addition to seeking to earn a 75% interest in the Quartz Hill Project and as outlined in the Company’s Prospectus, the Company intends to pursue new projects in the resources sector, both in Australia and overseas, by way of acquisition or investment.
These projects may include other types of minerals including, without limitation, coal, iron ore, copper, gold, manganese, tin, nickel, potash and tungsten.
For more information, visit www.epicresources.com.au
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Thursday, 02 March 23
DRY BULK MARKET: THE WAY CHINA GOES, SO GOES THE MARKET - BIMCO
We expect demand growth within the 1.5-2.5% range in 2023, driven by China’s economic recovery. Improvements in consumer sentiment should hel ...
Thursday, 02 March 23
INDIA, CHINA DEMAND BOOST LOW-RANK THERMAL COAL PRICES IN ASIA - RUSSELL, REUTERS
Signs of stronger import demand from India have arrested the decline in price of the thermal coal grades most commonly sought by the world’s ...
Thursday, 02 March 23
INDIA CHEERS THE RETURN OF ‘KING COAL’ AS INDUSTRY SEES BUOYANT FUTURE - REUTERS
India’s coal industry celebrated the return of its major conference after a three-year pandemic hiatus by presenting a bullish view of demand ...
Wednesday, 01 March 23
GEO CONNECT ASIA RETURNS IN MARCH TO ACCELERATE THE REGION’S GEOSPATIAL AND LOCATION INTELLIGENCE CAPABILITIES
Press Release: The third edition of GCA will be held in conjunction with Digital Construction Asia and the inaugural Drones Asia – an event d ...
Wednesday, 01 March 23
THE DECLINE IN THE COAL PRICE SINCE THE BEGINNING OF THE YEAR HAS BEEN SIGNIFICANT - INTERMODAL
Last week, the front-month API2 future rose by 3.5%, but since the beginning of the year the future has fallen by 39% to $136.65/t, while the Newca ...
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- LBH Netherlands Bv - Netherlands
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- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
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- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
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- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
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- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
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- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
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- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
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- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- The University of Queensland
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
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