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Wednesday, 17 August 11
TAVESCO KILLARA ENERGY TO ACQUIRE COAL CONCESSIONS IN EAST KALIMANTAN
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco International which owned by Tanri Abeng, a former Indonesia’s state enterprises minister to acuire coal concession in Indonesia.
TKE is being set up to sourcing, exploring, and potentially developing coal projects in Indonesia, according to the statement released by Killara Resources Limited.
Tavesco as part of PT Tason Holdings (Tason) that owned by Tanri Abeng, has presented a number of coal concessions throughout East and South Kalimantan to Killara for review and assessment for potential inclusion within PT TKE.
To know more about Killara’s acquisition plan, COALspot.com interviewed the Chief Executive Officer of Tason Holdings Ridwan Zachrie who is also director of TKE.
COALspot.com: Has Tason found potential coal concessions to be acquired by TKE?
Ridwan Zachrie: Under temporary preliminary survey, the six locations are very potential and promising for a large-scale coal mine development.
COALspot.com: How much is the coal deposit content in those six concessions?
Ridwan Zachrie: The six concessions’ coal deposits content are, based on measured data survey, approximately 32 million metric ton.
COALspot.com: How is the quality of calories?
Ridwan Zachrie: The quality of coal may vary, but the gross caloric value is over 6000 kcal/kg on adb basis.
COALspot.com: what will be the mineable quantity out of the potential 32 million MT reserve?
Ridwan Zachrie: All reserves are almost mineable.
COALspot.com: In what districts are the potential coal concessions are located?
Ridwan Zachrie: Those mines were identify in several locations, but not limited to Kutai Kartanegara, Kutai Barat, and Kutai Timur in east Kalimantan.
COALspot.com: What would be the acquisition value of the six concessions that to be acquired by TKE?
Ridwan Zachrie: The acquisition value is not yet determined. The negotiations with the owners are still underway.
To contact the reporter responsible on this story: Efendi at efendi@coalspot.com
Translated by WB
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Friday, 19 August 11
AUSTRALIAS' ATH TO ACQUIRE 60% OF APUAH COAL MINE IN INDONESIA
COALspot.com - Australian listed company, Atech Holdings Limited (ATH) has entered into a conditional binding term sheet to acquire 60 percent stake ...
Friday, 19 August 11
INDIA IMPORTS LESS INDONESIAN COAL THAN CHINA IN JULY
COALspot.com - Indonesia shipped 31.30 Million tons of coal in July 2011, up by 10.69 percent compared to June's export of about 28.27 ...
Thursday, 18 August 11
INDONESIAS PROPOSED LOW GRADE COAL EXPORT BAN WILL NOT HAVE A SIGNIFICANT IMPACT ON INDIA - MISWIN MAHESH
COALspot.com - The Indonesian government is currently in the process of drafting a new regulation that could ban the export of low-grade coal by Jan ...
Thursday, 18 August 11
MARUBENI ACQUIRED 42.86% OF YTL JAWA POWER
COALspot.com - Marubeni Corporation (Marubeni) has completed the acquisition of 42.86 percent of the shares of YTL Jawa Power Holdings BV from YTL P ...
Wednesday, 17 August 11
CME LAUNCHES ARGUS COKING COAL SWAP FUTURES
COALspot.com - Argus media reported that, leading exchange CME Group will list an Australian coking coal swap futures contract for trading on the Ny ...
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