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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, 11 April 12
TWO PERCENT OF IBP CONCESSION CONTAINS 42 MMT OF COAL
COALspot.com - 42.35 million ton of coal found in just 2% of PT Insani Bara Perkasa’s total concession area of 24,477 hectare.
Accord ...
Wednesday, 11 April 12
DRY BULK MARKET STILL SUBDUED, RECOVERY NOT YET SEEN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market entered the new week after the past days of easter holidays in western countries in a subdued mood. The industry’s benchma ...
Monday, 09 April 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first week of April ended with the Baltic Dry Index falling below 950 points, before Catholic Easter, and capesizes showing a modest upturn with ...
Sunday, 08 April 12
CHARTER RATES COULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI was almost at same levels closing slightly lower by 0.64 pct at 928 points.
The Cape index was up by 6.73 pct closing at ...
Friday, 06 April 12
INDONESIAN HBA FALL TO LOWEST LEVEL SINCE JANUARY 2011
COALspot.com - Indonesian HBA fall to lowest level since January 2011 this month. The monthly coal reference price for coal sales in April fal ...
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- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
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