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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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Tuesday, 22 May 12
NEW ONE-YEAR TIME CHARTERS FOR TWO VESSELS OF EXCEL MARITIME CARRIERS LTD.
Excel Maritime Carriers Ltd. (NYSE: EXM), an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportat ...
Tuesday, 22 May 12
DRY BULK MARKET STEADY, AWAITING FURTHER RISE IN DEMAND WHICH IS DOUBTFUL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Traditionally, the second and third quarters of the year are the strongest for the dry bulk market, but this year, things seem to be quite subdued, ...
Sunday, 20 May 12
SPOT FREIGHT RATE DIPS FURTHER - VISTAAR
COALspot.com - The BDI was marginally up by 3 points (0.26 pct) closing at 1,141 points.
The cape index was up by 1.17 pct closing at 1,633 point ...
Saturday, 19 May 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS DROP US$ 2.88 PMT W-O-W
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for June deliveries have drops this week by 3.86 percent and& ...
Saturday, 19 May 12
INDONESIAN EXPORT TAX GIVES COAL MINERS A CHEAP RIDE: ANALYSTS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s policy to exclude coal from an export tax that has been applied to 14 other mineral commodities h ...
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- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- The University of Queensland
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
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