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Thursday, 09 February 12
AUSTRALIA'S EPIC TO ACQUIRE 15,500 HA COAL EXPLORATION LICENCES IN EAST KALIMANTAN, INDONESIA
COALspot.com - Epic Resources Limited to acquire two coal concessions in Kutai Barat regency, East Kalimantan, Indonesia.
According to company's disclosure, the Agreement relates to two exploration licences (PT. Tata Borneo Wikajaya (5500 ha) & PT. Tata Buana Kharisma (10000 ha)) in the Long Bagun District, Kutai Barat Regency in East Kalimantan Indonesia.
The Project lies to the south west of the Mahakam River and in close proximity to the Mamahak Village, an area known to produce semi soft coking coal.
Highlights:
Potential to acquire up to 100% ownership in two coal exploration licences in East Kalimantan
Vendors to be paid A$800,000 via an issue of 4,000,000 Shares at a deemed issue price of A$0.20, a 90% premium to the last traded price for the acquisition of the initial Stage 1 Interest
Exploration licences are in close proximity to the Mamahak semi-soft coking coal mine
The exploration licences cover a total land area of 15,500Ha (155km2)
The Company will undertake a technical due diligence work program on the exploration licences
Company remains fully funded with approximately A$3.75m as at December 2011
About EPIC
Epic Resources is an Australian-based exploration company that was initially established to acquire, explore, evaluate and exploit uranium-REE deposits and explore prospective uranium tenements and other minerals.
Epic Resources entered into a Farm-in Agreement with Cazaly Iron Pty Ltd (Cazaly), pursuant to which the Company has a right to earn a 75% interest in the Quartz Hill Project.|
In addition to seeking to earn a 75% interest in the Quartz Hill Project and as outlined in the Company’s Prospectus, the Company intends to pursue new projects in the resources sector, both in Australia and overseas, by way of acquisition or investment.
These projects may include other types of minerals including, without limitation, coal, iron ore, copper, gold, manganese, tin, nickel, potash and tungsten.
For more information, visit www.epicresources.com.au
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Saturday, 11 February 12
WILL HISTORY REPEAT ITSELF IN THIS SHIPPING CYCLE? - CLARKSONS / HELLENIC SHIPPING
A slightly dubious "best man" joke runs as follows… Best man (giving his wedding speech): "Have you noticed how history repeat ...
Friday, 10 February 12
TONNAGE KEEPS ON COMING - DREWRY
Drewry Maritime Research’s latest edition of its Dry Bulk Forecaster pulls no punches in its assessment of a market that looks certain to cont ...
Friday, 10 February 12
GIVE PERMIT POWERS TO GOVERNORS: MINERS - THE JAKARTA POST
The Jakarta Post reported that, following clashes between mining companies and local residents, the Indonesian Mining Association (IMA) wants to tra ...
Thursday, 09 February 12
RESOURCE ALAM BUYS 28,521HA CONCESSIONS - INSIDER STORIES
Insider Stories reported that, PT Resource Alam Indonesia Tbk (KKGI), owned by Adijanto family, today announced acquisition of 75% interest in PT Ka ...
Tuesday, 07 February 12
DRY BULK MARKET FINALLY STOPS DECLINE, POSTS FIRST RISE IN MORE THAN A MONTH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After falling to near record lows, not seen since the mid-80s the dry bulk market has finally stopped its path to "hell", with the industr ...
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- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- PTC India Limited - India
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Planning Commission, India
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Economic Council, Georgia
- VISA Power Limited - India
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
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