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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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Friday, 18 September 20
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Friday, 11 September 20
IMO 2020: A REVIEW OF THE TRANSITION TO VLSFOS - GARD
KNOWLEDGE TO ELEVATE
Many predictions were made in the run up to the imposition of the MARPOL 2020 sulphur cap, none of which was that the tra ...
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- Electricity Generating Authority of Thailand
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- Directorate Of Revenue Intelligence - India
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- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
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- Bulk Trading Sa - Switzerland
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- Latin American Coal - Colombia
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- Star Paper Mills Limited - India
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- London Commodity Brokers - England
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- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
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- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- White Energy Company Limited
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
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- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Australian Coal Association
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- Pendopo Energi Batubara - Indonesia
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- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
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- Miang Besar Coal Terminal - Indonesia
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- IEA Clean Coal Centre - UK
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- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Romanian Commodities Exchange
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- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
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- Meenaskhi Energy Private Limited - India
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- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- PTC India Limited - India
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
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- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
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- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
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- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- The University of Queensland
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
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- Siam City Cement PLC, Thailand
- MS Steel International - UAE
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- Central Electricity Authority - India
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- Simpson Spence & Young - Indonesia
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- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
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- Videocon Industries ltd - India
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