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Thursday, 06 October 11
REALM SECURES 51% OF KATINGAN RIA COAL PROJECT IN CENTRAL KALIMANTAN
•Realm secures 51% of PT Katingan Ria Thermal Coal Project in Central Kalimantan
•Realm takes ownership of Kalres Limited
•Acquisition finalization (to 75%) and project development work begins
COALspot.com - Realm Resources Ltd announces that it has completed the acquisition of Kalres Limited and through Kalres acquired 51% of PT Katingan Ria (PTKR), an advanced thermal coal exploration project located in Central Kalimantan, Indonesia, for a total transaction value of US$12.6 million and 15 million Performance Rights.
The Katingan Ria Project has the potential to establish Realm as a thermal coal producer within the next 12 months in a nation that has an established coal industry; and is ideally located to export to the high demand southeast Asian markets. Kalres is party to a Master agreement under which Kalres can acquire up to a 75% interest in PTKR.
Commenting on the acquisition, Realm's Managing Director Richard Rossiter said, “ This is a company transforming acquisition. We are excited to have reached this significant milestone in the company’s progress as a coal developer. Work now begins to accelerate the path to production and complete the acquisition to the agreed 75% owner ship level .”
According to the company's report to ASX Australia, A feasibility study on the Katingan Ria Project will be refined with the aim of bringing the Katingan Ria Project into production by mid CY2012. In addition, PTKR will progress the Pinjam Pakai Exploitation license (which allows mining) in respect of 1,500 hectares in the southern part of the Katingan Ria Project as part of Tranche 2 under the Master Agreement. Tranche 2 acquisition is scheduled to be completed by 31 March 2012 subject to satisfactory feasibility study results.
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Tuesday, 29 November 11
DRY BULK MARKET BEGINS WEEK ON HIGHER NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Contrary to what had been the case during the past few weeks, this one began on a high note for the dry bulk market, with the Capesize sector pullin ...
Monday, 28 November 11
CITING CONTRACTS, MINING FIRMS ARE NOT PAYING ROYALTIES UNDER LAW - THE JAKARTA POST
The Jakarta Post reported that, when the 2009 Law on Minerals and Coal was endorsed, hopes that Indonesia could maximize its revenue from the minera ...
Monday, 28 November 11
NEW ENVIRONMENTAL MARINE REGULATIONS TO IMPACT SHIPPING IN 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
August of next year will see some major changes for marine navigation. It’s when the North American ECA will come into force, introducing a 1% ...
Sunday, 27 November 11
INDIA'S KPCL TO IMPORT 50 MMT OF COAL FOR 10 YEARS
COALspot.com - Karnataka Power Corporation Limited (KPCL) will buy 5 million metric tonnes of coal annually for 10 years starting from 2015.
In a ...
Saturday, 26 November 11
INDIAN PORTS ARE BECOME COAL STOCKPILES..!!
COALspot.com - The Indian coal stocks and power tariff situation is the hot topic among the world coal producers as well as Indian coal importers.&n ...
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- Global Green Power PLC Corporation, Philippines
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- South Luzon Thermal Energy Corporation
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- Ministry of Transport, Egypt
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- AsiaOL BioFuels Corp., Philippines
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- Altura Mining Limited, Indonesia
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- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
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- Thiess Contractors Indonesia
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- Coal and Oil Company - UAE
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- International Coal Ventures Pvt Ltd - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Sindya Power Generating Company Private Ltd
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- Thai Mozambique Logistica
- The Treasury - Australian Government
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- Lanco Infratech Ltd - India
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- PowerSource Philippines DevCo
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- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
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- Vizag Seaport Private Limited - India
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- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
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- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
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- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
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- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
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