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Wednesday, 20 July 11
TCM COAL PROJECT IN SOUTH KALIMANTAN MOVES TO FINAL FEASIBILITY STUDY
 COALspot.com - Pan Asia Corporation Ltd has executed a formal agreement with an underground mining group KOPEX to undertake a final feasibility study on the PT Transcoal Minergy (TCM) coal project in South Kalimantan, according to press release issued by Pan Asia Corporation Ltd . Pan Asia Corporation Limited is a rapidly growing diversified resources company primary listed on the Australian Securities Exchange and secondary listed on the Frankfurt Stock Exchange and with offices in Perth and Sydney, Australia and Jakarta, Indonesia.
This agreement follows the recently completed independent study which indicated the project’s viability targeting 1.5 million saleable tones of high CV coal annually over a 15 year period.
The scope of works for study is comprehensive and includes all aspects normally addressed in a final feasibility study. Key front end items include the additional drilling program currently underway to improve confidence in all aspects of the geological information and to also assess the opportunity for an open pit operation in the central west part of the concession. This drilling will also provide a preliminary determination of the status of the North Area under-ground resources as a potential second under-ground operation.
Pan Asia has also recently appointed Palaris Mining Pty Ltd as an independent adviser to the final feasibility study. Palaris has been extensive in consulting on underground mining projects.
The Current resource for the TCM concession is 52.20 million tones comprising 22.04 million tonnes of indicated resources and 30.16 million tones of inferred coal resources. The average coal quality is 6,534 kcal/kg (adb), moisture 5.65%, ash 14.24%, and TS 1.16%. The study is scheduled to be completed by the end of the first quarter of 2012 and will represent a major step forward for the company.
Pan Asia’s CEO Alan Hopkins says, “We have now launched into the final feasibility study stage of this project, and its outcome should prove to be one of the catalysts that significantly re-rate the company.
Additional drilling and test work has already started, and we look forward to the resource updates to come. In June 2011, Pan Asia announced that KOPEX had completed an independent study on the TCM project with a recommendation that the project be advanced to final feasibility stage. The study indicated that 1.5 million saleable tonnes annually 15 years, following initial construction, is considered achievable. Based on the levels of details in that study, the target underground area at TCM presents a viable and economic opportunity. Additional underground mineralization may exist in the North area.
Kopex considered a number of mining methods that could be employed and concluded that retreat long wall mining would be the preferred method due to potentially higher extraction rates and controlled caving methods to best attain the saleable tones established for the project.
To contact the reporter on this story: Efendi at efendi@coalspot.com
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Tuesday, 12 July 11
DRY BULK MARKET BEGINS WEEK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was evident by the end of the previous week, the dry bulk market’s growth momentum was about to lose steam, something proven yesterday, whe ...
Monday, 11 July 11
REFLECTIONS ON THE FLEET REACHING ONE BILLION TONNES - CLARKSONS / HELLENIC SHIPPING
“A billion gross tonnes of shipping” has a nice ring to it. It presents the industry as a business of substance, with its 85,000 ships w ...
Sunday, 10 July 11
UNTR PROVIDES US$100 MIO TO TTA - INSIDER STORIES
PT United Tractors Tbk (UNTR) agreed to allocate US$100 million to its coal subsidiary dubbed PT Tuah Turangga Agung (TTA).The US$100 million was pa ...
Sunday, 10 July 11
HARDLY ANY CARGO FROM WC INDIA UNTIL END OF MONSOONS - VISTAAR
COALspot.com - The BDI continued to hold last week and firmed up by 27 points with cape and panama index supporting the BDI.
The BDI closed at 1, ...
Sunday, 10 July 11
PTBA INCREASES SHARES IN COAL TRAIN PROJECT - TEMPO INTERACTIVE
TEMPO Interactive reported that, PT Tambang Batubara Bukit Asam (PTBA) is still studying the plan to buy 20 percent of shares in the PT Bukit Asam T ...
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- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- PTC India Limited - India
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Planning Commission, India
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
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