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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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Thursday, 22 March 12
ECI-CHINA HANDY RATES ARE AROUND US$ 8000 - FEARNLEYS
Handy
Another positive trend was seen last week with more cargoes entering the market. Skaw-Passero/US Gulf climbed slowly up to USD 3700, while US ...
Thursday, 22 March 12
DRY BULK MARKET KEEPS SURGING, CAPESIZES FALLING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what seems to be an establishing pattern, the dry bulk market has kept its upward momentum, edging closer to the 900 point-mark, but the larger s ...
Wednesday, 21 March 12
BUMA HAS PRODUCED 2.3 MILLION TONS OF COAL IN FEBRUARY 2012
COALspot.com - PT. Delta Dunia Makmur's overburden removal in February 2012 has reached totaled 23.8 million bcm (+2.4% YoY) while coal production ...
Tuesday, 20 March 12
SMALLER DRY BULK VESSELS STILL LEADING DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been growing during the past couple of weeks, but contrary to the usual practice, it’s not the larger Capesizes which ...
Monday, 19 March 12
WEEKLY DRY MARKET OVERVIEW: SMALLER VESSELS LEAD RATES HIGHER - MARIA BERTZELETOU, HELLENIC SHIPPING
The upward trend of the Baltic Dry Index persists strong from the end of February, spurred from the supramax market that offsets the weakness in the ...
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- Electricity Generating Authority of Thailand
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- OPG Power Generation Pvt Ltd - India
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- Miang Besar Coal Terminal - Indonesia
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- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Meralco Power Generation, Philippines
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- Price Waterhouse Coopers - Russia
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- Economic Council, Georgia
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- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
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- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- The University of Queensland
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
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- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
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- The Treasury - Australian Government
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- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
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- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Standard Chartered Bank - UAE
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- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
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- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Petron Corporation, Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Eastern Coal Council - USA
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- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
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- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
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- MS Steel International - UAE
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- Georgia Ports Authority, United States
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- Wilmar Investment Holdings
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- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
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- Sojitz Corporation - Japan
- Latin American Coal - Colombia
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- Ministry of Transport, Egypt
- Parliament of New Zealand
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- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
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- Rio Tinto Coal - Australia
- Australian Coal Association
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- Energy Development Corp, Philippines
- CNBM International Corporation - China
- VISA Power Limited - India
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
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- Planning Commission, India
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- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
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- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
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