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Wednesday, 22 May 13
COKAL SIGNS JV WITH MDM, FOR BARITO RIVER BARGING
 COALspot.com - Cokal Limited (ASX: CKA) has announced that it has entered into a 50:50 Joint Venture (JV) with Meratus Advance Maritime (MDM) one of the leading Indonesian shipping company providing point-to-point transportation solutions to transport coking coal from BBM mine. The JV will own and manage the shallow river barges and tugs design specifically for PT Bumi Barito Mineral (BBM).
According to company's website, the Bumi Barito Mineral (BBM) is a PMA company with an ownership structure of 60% Cokal and 40% Indonesian owners. The mine covers an area of ~19,400ha and is immediately adjacent to BHPBilliton's Juloi tenement, straddling the Barito River. The low ash coking coal will be produced from shallow opencut mining extraction using trucks and shovels. The coal will travel ~700 kilometres down the Barito River using river barging techniques tried and proven on similar rivers in many countries including the USA and Brazil.
MDM is part of the Meratus Group which has operated in Indonesian shipping since 1957 and has provided barging and shipping services to a number of the major Kalimantan coal operations. MDM have also worked on the Barito River over a number of years. The Barito is a major coal barging river on which BBM is located.
The JV is an accumulation of almost 2 years of studies into river based shallow draft barging systems which have confirmed its effectiveness on the Barito River. While shallow draft barging systems are used extensively worldwide the system has not been used in Indonesia to date, the note from company says.
Recently the BBM’s river barging solution moved to the next phase and US Naval Architects were retained to do detailed design for contract tenders to be issued. This is scheduled for completion in third quarter 2013. MDM’s practical input and detail knowledge of barging on the Barito has been invaluable in this phase.
Cokal’s Chairman and CEO Mr Peter Lynch said “this strategic partnership enables MDM to bring the experience and knowhow necessary to ensure the success of river barging on the Barito River, and for Cokal to be a part of controlling the critical part of its supply chain. This is a significant achievement for Cokal as we draw closer to the commencement of our coking coal production in a mid 2014”.
MDM Coal Transloader
MDM will operate the river barges and the river supply chain. They have a proven track record in this area and are experienced and well respected operator throughout Indonesia where they are known for their innovative solutions.
MDM’s Managing Director, Jorn Annweiler said “given our extensive experience in river barging in Indonesia we saw this as a real opportunity to be part of introducing new concepts to river barging in Indonesian that will bring about significant change and benefits to the industry”.
ABOUT MDM
Meratus is a leading Indonesian shipping company providing point-to-point transportation solutions. It has an integrated network of owned offices throughout Indonesia and places strong emphasis on safety, quality and customer focus. All vessels are maintained to international standards with AIACS and BKI Class, ISM and 9001 certification.
Established in 1957 Meratus has grown and become a household name in Indonesian shipping. Currently Meratus is engaged in several sectors of shipping and transportation.
ABOUT COKAL
Cokal Limited Cokal Limited (ASX:CKA) is an Australian listed company with the objective of becoming a metallurgical coal producer with a global presence. Cokal has interests in five projects in Central Kalimantan and one project (which holds three exploration licences) in West Kalimantan, Indonesia considered prospective for metallurgical coal. Cokal has also signed a joint venture with Tanzoz Resource Company Limited to explore for coal in Tanzania and a co-operation agreement with Mozambique Government Mining Corporation, EMEM, to explore for coking coal in the emerging coal province of Mozambique.
ABOUT BBM
The BBM Coal Project (IUP 188.45/149/2013) is situated in Central Kalimantan, Indonesia in the prospective metallurgical Upper Barito Coal Basin, Regency of Murung Raya. The Project covers an area of 15,000 hectares. The Project is adjacent to the BHP Billiton’s, Indomet Coal, Joloi Project in Murung Raya Regency.
BBM has a JORC Resource of 77 Million tonnes (Mt) in multiple seams comprised of 70Mt Inferred and 7Mt Indicated as well as an Exploration Target1 of 200 to 350Mt in thirteen seams within the Eastern Block of the BBM IUP (approximately 40 percent of the Project area). Cokal is completing definitive studies and obtaining the necessary approvals with the aim of commencing construction in October 2013 which would see first production occur in the first half of 2014.
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Tuesday, 27 October 20
PLN STILL REFUSING TO ADAPT, A MOVE WHICH WILL HURT INVESTORS, CONSUMERS, AND THE GOVERNMENT PURSE - IEEFA
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Monday, 26 October 20
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Friday, 23 October 20
SHIPPING LOANS AND COLLATERAL DAMAGE - VICTOR ONYEGBADO, AKABOGU & ASSOCIATES
KNOWLEDGE TO ELEVATE
Shipping finance transactions are characterised by peculiar risk factors principally on account of the shipping asset&rsq ...
Friday, 23 October 20
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The 2020 elections present American voters with a choice between two radically different visions for the future of energy. President Donald Trump r ...
Wednesday, 21 October 20
BRAZIL EXPORTED 238.7 MLN TONNES OF IRON ORE IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
Brazil’s iron ore exports have been gradually but steadily recovering following a disastrous winter period of 2019/2020. In the first 9 month ...
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- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
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- International Coal Ventures Pvt Ltd - India
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- Toyota Tsusho Corporation, Japan
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- AsiaOL BioFuels Corp., Philippines
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- Videocon Industries ltd - India
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- McConnell Dowell - Australia
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- Wilmar Investment Holdings
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- Commonwealth Bank - Australia
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- Coastal Gujarat Power Limited - India
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- IEA Clean Coal Centre - UK
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- Sree Jayajothi Cements Limited - India
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- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
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- Planning Commission, India
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- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
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- Energy Development Corp, Philippines
- The University of Queensland
- Tamil Nadu electricity Board
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- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- White Energy Company Limited
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- Energy Link Ltd, New Zealand
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- Neyveli Lignite Corporation Ltd, - India
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- Vedanta Resources Plc - India
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- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
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- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
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- London Commodity Brokers - England
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- Semirara Mining and Power Corporation, Philippines
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- Price Waterhouse Coopers - Russia
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- GAC Shipping (India) Pvt Ltd
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- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
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- Thiess Contractors Indonesia
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- SN Aboitiz Power Inc, Philippines
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- Madhucon Powers Ltd - India
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- Semirara Mining Corp, Philippines
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- SMC Global Power, Philippines
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
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- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
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- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Australian Coal Association
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- Dalmia Cement Bharat India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
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