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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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Sunday, 16 April 23
CHINA JUGGLES FOUR MAJOR ECONOMIC CHANGES IN 2023 - WOOD MACKENZIE
Change is afoot in China. Economic growth is slowing, while rising political tensions between China and the US, coupled with global supply chain re ...
Sunday, 16 April 23
CHINA'S MARCH COAL IMPORTS JUMP TO 3-YEAR HIGH - REUTERS
China’s coal imports surged in March to their highest in any month over the past three years as utilities increased purchases on expectations ...
Sunday, 16 April 23
OPEC KEEPS WORLD OIL DEMAND GROWTH OUTLOOK UNCHANGED
The OPEC Reference Basket (ORB) declined in March by $3.43, or 4.2%, m-o-m to average $78.45/b. The ICE Brent first-month contract fell by $4.33, o ...
Sunday, 16 April 23
CHEAPER SPOT LNG PRICES TEMPT SOME ASIAN BUYERS AMID SUPPLY GAINS - REUTERS
Cheaper spot prices for liquefied natural gas (LNG) are luring price-sensitive buyers back in Asia, with China and India recording rising imports i ...
Tuesday, 11 April 23
COAL USE CLIMBS WORLDWIDE DESPITE PROMISES TO SLASH IT - AAP
The burning of coal for electricity, cement, steel and other uses went up in 2022 despite global promises to phase down the fuel that is the bigges ...
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- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Planning Commission, India
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
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