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Monday, 23 August 10
NOBLE RESOURCES AND PAN ASIA INK MAJOR COAL DEAL
Pan Asia Corporation Limited has, via Innovation West Pty Ltd, entered into a binding coal purchase & finance agreement with Noble Resources Pte Ltd.
Noble has agreed to purchase 4.8 million tonnes of coal over the next four years from the Nadvara mine in East Kalimantan.
Pan Asia release said “The Nadvara project is one of a number of projects that Pan Asia will be acquiring rights to under the acquisition of Innovation West. These projects will provide a mix of immediate cash-flow - from the provision of finance, a flagship project nearing development, advanced high potential exploration projects & a pipeline of additional project opportunities. The locking in of this financing is the last commercial item securing the rights to the package of thermal coal projects & the Company will now be moving forward expeditiously to complete the transaction.”
Mr Alan Hopkins CEO of Pan Asia believes the signing of this landmark agreement with Noble will prove to be a key milestone in the development of the Company's thrust to become a significant supplier to the Asian coal market. He said “Via the acquisition of Innovation West we will now not only have a significant portfolio of advanced coal projects, but with Noble as an international off take partner, we are well placed to achieve our ambitions of becoming a significant supplier of competitively priced energy into the emerging Asian markets.”
The completion of this arrangement with Noble now provides a very advanced & balanced package of assets being acquired as part of the Innovation West acquisition. In connection with the coal purchase agreement, Noble has provided prepayment finance of AUD 2 million.
The Company's rights to coal from the NDV mine form part of the IW acquisition and the preparation of notice of meeting to approve the acquisition is well advanced and an announcement on this will follow in the short term.
Source: SteelGuru
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Monday, 23 August 10
COAL FOR FAST-TRACK PROGRAM ASSURED
Antara and the Jakarta globe reported that, the coal supply for the government’s 10,000 megawatt “fast- track” program was assured ...
Monday, 23 August 10
THE FREIGHT MARKET IS EXPECTED TO BE FIRM FOR NEXT COUPLE OF WEEKS - VISTAAR SINGAPORE
COALspot.com: The BDI continued to rise this week by 11.67 pct with the other sectors also keeping the moment. The cape size index also was up by 11 ...
Friday, 20 August 10
JAKARTA TO HOST 9TH ASIA PACIFIC MINING CONFERENCE AND EXHIBITION IN OCTOBER
ASEAN Federation of Mining Association (AFMA), an association of mining groups in Southeast Asia, will hold the 9th Asia Pacific Mining Conference a ...
Friday, 20 August 10
OVERSEAS AND GENERAL SUBSIDIARY INKS US$52M JONGKANG COAL SALES CONTRACT - PROACTIVE INVESTORS
Proactive Investors reported that, overseas and General (ASX: OGL) has reported that its Indonesian majority owned subsidiary, PT OGL Indotrade, has ...
Friday, 20 August 10
POWER COS SEEK MINING PARTNERS TO BID FOR 1,920-MW PROJECT
"A joint venture between the Maharashtra and Tamil Nadu governments for a pit-head power project, has been allotted the biggest coal block yet ...
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- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
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- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
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- Asmin Koalindo Tuhup - Indonesia
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- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
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- SN Aboitiz Power Inc, Philippines
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- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Indian Oil Corporation Limited
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
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