COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Thursday, 26 April 12
AUSTRALIAS COKAL EXPANDS MET COAL POTENTIAL INTO WEST KALIMANTAN


COALspot.com - Global metallurgical coal group Cokal Limited (Cokal) (ASX:CKA) announced today it has completed the acquisition of 75.2% of PT Silangkop Nusa Raya (SNR), which holds three exploration licenses in West Kalimantan near the Malaysian border (SNR Licences). The SNR Licenses cover an area of approximately 13,000 hectares, according to the company 's statement posted on company's website.

Cokal’s Executive Chairman, Peter Lynch said “that while recent exploratory work for metallurgical coal in the area was limited, surface samples of coal from surrounding areas had shown good coking coal properties and I am excited by the possibility of opening up a new area”. The table below shows the analytical results of surfaces samples taken from weathered outcropping coal seams from areas surrounding the SNR License area that are believed to continue into the SNR License area.

While little work has been done recently, earlier work in the area identified potential coking coal in the region. A review of the geological records of the area found that work done by a major Japanese coal company had identified coking coal bearing formations close to the western border of the SNR Licenses.

CEO, Mr James Middleton, said that the company intends to start a greenfield exploration programme in West Kalimantan to further determine the potential of the region. Cokal believes that the SNR properties are strategically placed within the region and have the potential to yield high value coking coal.

The final administrative details associated with the proposed acquisition are expected to be finalized in the June quarter of 2012 with initial mapping and preliminary geological work to start shortly after. As this is in effect a greenfield exploration programme, significant base line exploration (scout work and mapping) and approvals will be required before moving into drilling and subsequent phases of exploration. The acquisition cost is A$722,000 cash. Under the agreement, Cokal has acquired 75.2% of the equity of PT Silangkop Nusa Raya, the Indonesian Company owning the exploration licenses. Local Indonesian partners will hold the balance of the equity in PT Silangkop Nusa Raya. Cokal's local Indonesian partners have an option to finance their share of the project exploration and development costs through a loan from Cokal, at commercial interest rates, repayable out of their share of the future profits of PT Silangkop Nusa Raya.

The proposed acquisition has received Indonesian regulatory approval and PT Silangkop Nusa Raya has been converted to a PMA Company. Under Indonesian law a PMA Company is able to have up to 100% foreign ownership.

About Cokal Limited
Cokal (ASX:CKA) is an Australian listed company with the objective of becoming a metallurgical coal producer with a global presence. Cokal has interests in four projects in Central Kalimantan, Indonesia considered prospective for metallurgical coal. Cokal has also signed a joint venture with Tanzoz Resources to explore for coal in Tanzania and a cooperation agreement with Mozambique Government Mining Corporation, EMEM, to explore for coking coal in the emerging coal province of Mozambique.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...


Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...


Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...


Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.   The cou ...


Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...


   2 3 4 5 6   
Showing 16 to 20 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Core Mineral Indonesia
  • PetroVietnam
  • SRK Consulting
  • Geoservices-GeoAssay Lab
  • Coal and Oil Company - UAE
  • Bhoruka Overseas - Indonesia
  • GVK Power & Infra Limited - India
  • Interocean Group of Companies - India
  • Mitra SK Pvt Ltd - India
  • Standard Chartered Bank - UAE
  • GNFC Limited - India
  • Essar Steel Hazira Ltd - India
  • GN Power Mariveles Coal Plant, Philippines
  • Tata Power - India
  • Lanco Infratech Ltd - India
  • Bhushan Steel Limited - India
  • Xstrata Coal
  • International Coal Ventures Pvt Ltd - India
  • SASOL - South Africa
  • Pinang Coal Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Thiess Contractors Indonesia
  • CNBM International Corporation - China
  • Latin American Coal - Colombia
  • GHCL Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Renaissance Capital - South Africa
  • Russian Coal LLC
  • Asia Cement - Taiwan
  • Siam City Cement - Thailand
  • Global Green Power PLC Corporation, Philippines
  • Reliance Power - India
  • Thai Mozambique Logistica
  • Oldendorff Carriers - Singapore
  • BRS Brokers - Singapore
  • Idemitsu - Japan
  • Gupta Coal India Ltd
  • Cigading International Bulk Terminal - Indonesia
  • Riau Bara Harum - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Infraline Energy - India
  • Kobexindo Tractors - Indoneisa
  • Jatenergy - Australia
  • Coalindo Energy - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • PetroVietnam Power Coal Import and Supply Company
  • Sindya Power Generating Company Private Ltd
  • Shenhua Group - China
  • CESC Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • UOB Asia (HK) Ltd
  • Africa Commodities Group - South Africa
  • Semirara Mining Corp, Philippines
  • Indorama - Singapore
  • Electricity Authority, New Zealand
  • Eastern Coal Council - USA
  • Parliament of New Zealand
  • Coaltrans Conferences
  • Pipit Mutiara Jaya. PT, Indonesia
  • Gujarat Sidhee Cement - India
  • Miang Besar Coal Terminal - Indonesia
  • Larsen & Toubro Limited - India
  • Jindal Steel & Power Ltd - India
  • Xindia Steels Limited - India
  • Independent Power Producers Association of India
  • Savvy Resources Ltd - HongKong
  • Kumho Petrochemical, South Korea
  • Inspectorate - India
  • Kalimantan Lumbung Energi - Indonesia
  • Electricity Generating Authority of Thailand
  • Ceylon Electricity Board - Sri Lanka
  • Kideco Jaya Agung - Indonesia
  • World Bank
  • Adaro Indonesia
  • CoalTek, United States
  • Peabody Energy - USA
  • Siam City Cement PLC, Thailand
  • BNP Paribas - Singapore
  • Bangkok Bank PCL
  • Uttam Galva Steels Limited - India
  • Globalindo Alam Lestari - Indonesia
  • Bharathi Cement Corporation - India
  • Ambuja Cements Ltd - India
  • Anglo American - United Kingdom
  • Credit Suisse - India
  • Romanian Commodities Exchange
  • London Commodity Brokers - England
  • IMC Shipping - Singapore
  • Surastha Cement
  • Barasentosa Lestari - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Singapore Mercantile Exchange
  • Posco Energy - South Korea
  • bp singapore
  • Australian Coal Association
  • Makarim & Taira - Indonesia
  • Baramulti Group, Indonesia
  • EIA - United States
  • MS Steel International - UAE
  • Maersk Broker
  • Bayan Resources Tbk. - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Medco Energi Mining Internasional
  • TNB Fuel Sdn Bhd - Malaysia
  • Kepco SPC Power Corporation, Philippines
  • KPCL - India
  • Vedanta Resources Plc - India
  • Humpuss - Indonesia
  • Altura Mining Limited, Indonesia
  • IBC Asia (S) Pte Ltd
  • Alfred C Toepfer International GmbH - Germany
  • PLN Batubara - Indonesia
  • Indika Energy - Indonesia
  • Dalmia Cement Bharat India
  • The India Cements Ltd
  • OCBC - Singapore
  • SMG Consultants - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • Cardiff University - UK
  • Energy Link Ltd, New Zealand
  • Banpu Public Company Limited - Thailand
  • SMC Global Power, Philippines
  • Chettinad Cement Corporation Ltd - India
  • ANZ Bank - Australia
  • PNOC Exploration Corporation - Philippines
  • Mechel - Russia
  • Indogreen Group - Indonesia
  • Coal Orbis AG
  • Bangladesh Power Developement Board
  • Bhatia International Limited - India
  • Thomson Reuters GRC
  • TeaM Sual Corporation - Philippines
  • NALCO India
  • McConnell Dowell - Australia
  • Vitol - Bahrain
  • Star Paper Mills Limited - India
  • Aboitiz Power Corporation - Philippines
  • Thriveni
  • JPMorgan - India
  • Bukit Makmur.PT - Indonesia
  • Thailand Anthracite
  • Rio Tinto Coal - Australia
  • Thermax Limited - India
  • Jorong Barutama Greston.PT - Indonesia
  • Maybank - Singapore
  • Ind-Barath Power Infra Limited - India
  • Deloitte Consulting - India
  • Platts
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Orica Mining Services - Indonesia
  • South Luzon Thermal Energy Corporation
  • Price Waterhouse Coopers - Russia
  • Merrill Lynch Bank
  • Planning Commission, India
  • TGV SRAAC LIMITED, India
  • Moodys - Singapore
  • Malabar Cements Ltd - India
  • Energy Development Corp, Philippines
  • Argus Media - Singapore
  • Maruti Cements - India
  • Wood Mackenzie - Singapore
  • DBS Bank - Singapore
  • Malco - India
  • Barclays Capital - USA
  • GB Group - China
  • Wilmar Investment Holdings
  • PTC India Limited - India
  • MEC Coal - Indonesia
  • Indonesia Power. PT
  • Sree Jayajothi Cements Limited - India
  • Central Java Power - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Mitsui
  • Asian Development Bank
  • Grasim Industreis Ltd - India
  • Billiton Holdings Pty Ltd - Australia
  • Timah Investasi Mineral - Indoneisa
  • UBS Singapore
  • Salva Resources Pvt Ltd - India
  • Total Coal South Africa
  • Goldman Sachs - Singapore
  • Asmin Koalindo Tuhup - Indonesia
  • Australian Commodity Traders Exchange
  • Directorate General of MIneral and Coal - Indonesia
  • globalCOAL - UK
  • Marubeni Corporation - India
  • GMR Energy Limited - India
  • Kobe Steel Ltd - Japan
  • Ince & co LLP
  • SGS (Thailand) Limited
  • Platou - Singapore
  • Shree Cement - India
  • Mjunction Services Limited - India
  • Gresik Semen - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Freeport Indonesia
  • ETA - Dubai
  • Noble Europe Ltd - UK
  • Rudhra Energy - India
  • Merrill Lynch Commodities Europe
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Commonwealth Bank - Australia
  • Japan Coal Energy Center
  • Cosco
  • APGENCO India
  • PowerSource Philippines DevCo
  • Petrochimia International Co. Ltd.- Taiwan
  • Therma Luzon, Inc, Philippines
  • Samtan Co., Ltd - South Korea
  • Sojitz Corporation - Japan
  • Power Finance Corporation Ltd., India
  • Trasteel International SA, Italy
  • ICICI Bank Limited - India
  • San Jose City I Power Corp, Philippines
  • JPower - Japan
  • Berau Coal - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Enel Italy
  • AsiaOL BioFuels Corp., Philippines
  • Cement Manufacturers Association - India
  • Attock Cement Pakistan Limited
  • Heidelberg Cement - Germany
  • Samsung - South Korea
  • Indian Energy Exchange, India
  • The State Trading Corporation of India Ltd
  • OPG Power Generation Pvt Ltd - India
  • Tata Chemicals Ltd - India
  • CIMB Investment Bank - Malaysia
  • ACC Limited - India
  • Tamil Nadu electricity Board
  • IOL Indonesia
  • Arch Coal - USA
  • Runge Indonesia
  • Sarangani Energy Corporation, Philippines
  • Minerals Council of Australia
  • Mintek Dendrill Indonesia
  • Meenaskhi Energy Private Limited - India
  • Jaiprakash Power Ventures ltd
  • Permata Bank - Indonesia
  • Formosa Plastics Group - Taiwan
  • The Treasury - Australian Government
  • Indian Oil Corporation Limited
  • Bukit Asam (Persero) Tbk - Indonesia
  • Arutmin Indonesia
  • Georgia Ports Authority, United States
  • Edison Trading Spa - Italy
  • Directorate Of Revenue Intelligence - India
  • Indonesian Coal Mining Association
  • New Zealand Coal & Carbon
  • World Coal - UK
  • Deutsche Bank - India
  • Lafarge - France
  • Karaikal Port Pvt Ltd - India
  • Adani Power Ltd - India
  • HSBC - Hong Kong
  • Central Electricity Authority - India
  • Carbofer General Trading SA - India
  • Maharashtra Electricity Regulatory Commission - India
  • Indian School of Mines
  • Videocon Industries ltd - India
  • European Bulk Services B.V. - Netherlands
  • Binh Thuan Hamico - Vietnam
  • Coastal Gujarat Power Limited - India
  • ING Bank NV - Singapore
  • KEPCO - South Korea
  • Madhucon Powers Ltd - India
  • IHS Mccloskey Coal Group - USA
  • IEA Clean Coal Centre - UK
  • Petron Corporation, Philippines
  • Holcim Trading Pte Ltd - Singapore
  • Intertek Mineral Services - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • WorleyParsons
  • Cemex - Philippines
  • Semirara Mining and Power Corporation, Philippines
  • LBH Netherlands Bv - Netherlands
  • Bahari Cakrawala Sebuku - Indonesia
  • EMO - The Netherlands
  • Cargill India Pvt Ltd
  • India Bulls Power Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Metalloyd Limited - United Kingdom
  • Clarksons - UK
  • Economic Council, Georgia
  • Straits Asia Resources Limited - Singapore
  • NTPC Limited - India
  • Ministry of Transport, Egypt
  • White Energy Company Limited
  • Vale Mozambique
  • VISA Power Limited - India
  • KOWEPO - South Korea
  • Ernst & Young Pvt. Ltd.
  • Global Business Power Corporation, Philippines
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Global Coal Blending Company Limited - Australia
  • Toyota Tsusho Corporation, Japan
  • Panama Canal Authority
  • Vizag Seaport Private Limited - India
  • Fearnleys - India
  • Kartika Selabumi Mining - Indonesia
  • Orica Australia Pty. Ltd.
  • Neyveli Lignite Corporation Ltd, - India
  • GAC Shipping (India) Pvt Ltd
  • Mitsubishi Corporation
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Kapuas Tunggal Persada - Indonesia
  • U S Energy Resources
  • Eastern Energy - Thailand
  • Coal India Limited
  • Glencore India Pvt. Ltd
  • Bank of America
  • Sical Logistics Limited - India
  • Sucofindo - Indonesia
  • RBS Sempra - UK
  • TNPL - India
  • Antam Resourcindo - Indonesia
  • Mercuria Energy - Indonesia
  • Port Waratah Coal Services - Australia
  • Inco-Indonesia
  • CCIC - Indonesia
  • The University of Queensland
  • J M Baxi & Co - India
  • TANGEDCO India
  • McKinsey & Co - India
  • SUEK AG - Indonesia
  • Qatrana Cement - Jordan
  • Chamber of Mines of South Africa
  • PLN - Indonesia
  • Iligan Light & Power Inc, Philippines
  • ASAPP Information Group - India
  • Bulk Trading Sa - Switzerland
  • Gujarat Mineral Development Corp Ltd - India
  • Rashtriya Ispat Nigam Limited - India
  • Mercator Lines Limited - India
  • Britmindo - Indonesia
  • Meralco Power Generation, Philippines
  • Agrawal Coal Company - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Tanito Harum - Indonesia
  • Parry Sugars Refinery, India
  • Coeclerici Indonesia
  • Borneo Indobara - Indonesia
  • Ministry of Mines - Canada
  • Petrosea - Indonesia
  • Aditya Birla Group - India
  • Manunggal Multi Energi - Indonesia
  • Bank of China, Malaysia
  • Ministry of Finance - Indonesia
  • Simpson Spence & Young - Indonesia
  • Sakthi Sugars Limited - India
  • Cebu Energy, Philippines
  • Bukit Baiduri Energy - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • TRAFIGURA, South Korea
  • KPMG - USA