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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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Wednesday, 06 June 12
INDONESIAN GOVERNMENT'S DECLARED COAL PRICES CONTINUING ITS DECLINE
COALspot.com - Indonesian HBA fell to lowest level since January 2011 in June 2012. The monthly coal reference price for coal sales this month ...
Monday, 04 June 12
MITRABAHTERA SUBSIDIARY SECURES CONTRACT FROM BERAU COAL - INSIDER STORIES
Insider Stories reported that, PT Mitra Alam Segara Sejati, a subsidiary that is 60% owned by PT Mitrabahtera Segara Sejati Tbk (MBSS), has secur ...
Sunday, 03 June 12
TTI ESTABLISHES COAL TRADING & MARKETING OFFICE
COALspot.com - TTI has officially established its coal trading, marketing-office in Jakarta, Indonesia. PT. Gunung Tinggi Coal is the TTI’s fi ...
Sunday, 03 June 12
FREIGHT MARKET CONTINUING ITS DECLINE
COALspot.com - The BDI continued to fall for the fifth straight week and the BDI fell by 2.57 pct this week closing at 904 points.
The Cape Size ...
Friday, 01 June 12
TNPL HAS SECURED 300K MT OF 6000 GAD COAL AT US$ 81 CNF TUTICORIN
COALspot.com - An India based coal trader Adani has offered the lowest price of US$ 81.00 per metric ton for calorific value of 6000 GAD and 15 perc ...
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- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
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- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
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- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
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- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Australian Coal Association
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Agrawal Coal Company - India
- Parliament of New Zealand
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
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- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
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