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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, 05 August 11
THE WORLDS LARGEST COAL MINER TO INVEST IN INDO MINES
COALspot.com - Golden Energy Mines (GEMS) might go for initial public offering (IPO) by the end of September 2011. The company is planning to off lo ...
Friday, 05 August 11
DRY BULK MARKET FINALLY TAKES A BREATHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market at last caught a break mid-week after a constant fall which saw the industry’s benchmark, the BDI (Baltic Dry Index) falli ...
Thursday, 04 August 11
THE HBA CONTINUES TO FALL IN AUGUST
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the August 2011 coal reference price at US$ 117.21 per ton slightly low ...
Wednesday, 03 August 11
DEWA RETURNS TO US$2.65 MIO NET PROFIT - INSIDER STORIES
Coal mining contractor PT Darma Henwa Tbk (DEWA), that most of its revenue is contributed by Kaltim Prima Coal and Arutmin Indonesia, returned to ne ...
Wednesday, 03 August 11
DRY BULK MARKET SINKS TO THREE-MONTH LOWS, BUT CAPESIZES COULD TURN THINGS AROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on falling this week, on the back of slow cargo demand amid the summer season. Yesterday, the BDI (Baltic Dry Index), the i ...
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- Parliament of New Zealand
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- Global Coal Blending Company Limited - Australia
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- London Commodity Brokers - England
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- Standard Chartered Bank - UAE
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- Commonwealth Bank - Australia
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- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
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- Billiton Holdings Pty Ltd - Australia
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- CNBM International Corporation - China
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