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Wednesday, 14 March 12
COKAL TAKES ANOTHER STEP IN DEVELOPING INFRASTRUCTURE TO FACILITATE METALLURGICAL COAL PRODUCTION
 Global coal group, Cokal Limited (ASX-CKA), has signed Memorandums of Understanding (MoU’s) to develop two river ports and two small scale coal-fired power stations in the regency of Murung Raya, Central Kalimantan in Indonesia.
Cokal chairman Peter Lynch said the company has signed two MoU’s with the Murung Raya Regency and was aiming to be exporting coal from the region by mid-2013. Detailed Agreements arising from these MoU’s are currently being finalised.
Cokal Managing Director & CEO Jim Middleton and Director Domenic Martino attended a signing ceremony with the Head of the Murung Regency Government, Bp Willy Yoseph, in the capital, Puruk Cahu (along with the Head of the Local House of Representatives). Mr Willy Yoseph commented that he was very happy to have Cokal, with its experience and skills, committed to working with the Regency to develop infrastructure to mutual benefit.
Cokal has previously confirmed high quality premium metallurgical coal at its 60% owned Bumi Barito Mineral (BBM) project in Central Kalimantan. Cokal announced a maiden Inferred Resource of 60Mt of Metallurgical Coal, comprising 60% coking and 40% PCI, in December 2011. The Inferred Resource covered 8% of BBM’s 19,920 ha, which is located immediately adjacent to BHPBilliton’s Juloi tenement.
Mr Lynch said Cokal’s first MoU with the regency was to develop two river ports for coal stockpiling and barge loading on the Barito River to service the needs of BBM as well as other future Cokal projects in the regency.
He said the second MoU is for the potential development of two small scale coal-fired power stations (5 -10MW) in the regency. This could service the needs of proposed Cokal mines in the area, as well as providing benefits to the local community.
Mr Middleton announced that the Regency Government’s Development Corporation would be a joint venture partner with Cokal, and is committed to provide assistance for this infrastructure development.
“This co-operation and assistance will help us to quickly move into the production phase. The Regency Government is enthusiastic about the mine development as it brings jobs, education and prosperity to the region. “Cokal has committed to a high level of community engagement through an effective community social responsibility program focused on education and training, employment and local infrastructure development.
Mr Middleton said concept studies for the port infrastructure and power stations will commence immediately, funded by Cokal. “Subject to a positive outcome of the studies, Cokal will be examining a range of options whereby this vital infrastructure may be project financed,” he said.
Kalimantan is located favourably in a geographic sense, being on the doorstep of the world’s biggest and strongest growing markets.
Mr Lynch commented that the MoU’s and the corresponding planned Agreements, are part of expediting planned metallurgical coal production in this high quality coal basin, while providing significant benefits to the local community.
Source: Cokal website
About Cokal Limited
Cokal (ASX:CKA) is an Australian listed company with the objective of becoming a metallurgical coal producer with a global presence. Cokal has interests in four projects in Central Kalimantan, Indonesia considered prospective for metallurgical coal. Cokal has also signed a joint venture with Tanoz Resources to explore for coal in Tanzania and a co-operation agreement with Mozambique Government Mining Corporation, EMEM, to explore for coking coal in the emerging coal province of Mozambique.
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Friday, 22 June 12
GLOBAL ACTION NEEDED ON ENERGY POVERTY - WORLD COAL
Eradicating energy poverty is possibly the biggest challenge facing the world today. Like climate change it can only be addressed with a concerted g ...
Friday, 22 June 12
COAL: THE BACKBONE OF MODERN ELECTRICITY - ECOAL
Coal has been described as the "forgotten fuel," perhaps because many aren't aware of the huge role it plays in powering the global econo ...
Thursday, 21 June 12
DRY BULK MARKET ON THE RISE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was on the rise once again yesterday, with the Baltic Dry Index (BDI), the industry’s benchmark, rising by 18 points, or 1 ...
Wednesday, 20 June 12
BDI MOVING HIGHER, PANAMAX AND SUPRAMAX VESSELS STRONGER, CAPESIZE RATES NEAR TO HISTORICAL LOWS OF DECEMBER 2008 - MARIA BERTZELETOU, HELLENIC SHIPPING
The dry market seems to follow the dynamic of the previous week with the Baltic Dry Index showing daily increases since June 8th, but is still stand ...
Tuesday, 19 June 12
SMALLER DRY BULK CARRIERS LIFT UP MARKET, PANAMAXES SET TO FALL SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Another rise for the dry bulk market was evident yesterday, as the industry’s benchmark, the BDI (Baltic Dry Index) was up for a ninth straigh ...
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- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Australian Coal Association
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
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