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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, 08 March 12
INDONESIA'S COAL SECTOR CAN BENEFIT FROM CLEARER REGULATIONS - FITCH RATINGS
Fitch Ratings says Indonesia's coal mining sector should continue to see strong growth prospects but can benefit from clearer and more predictable ...
Thursday, 08 March 12
DRY BULK MARKET ON THE RISE; CHINAS COAL IMPORTS COULD INCREASE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on rising back to healthier levels yesterday, with the BDI (Baltic Dry Index) the industry’s benchmark, marking its 8 ...
Wednesday, 07 March 12
INDONESIA COAL BENCHMARK PRICE GAINS FOR SECOND MONTH
COALspot.com - Indonesia raised the monthly coal reference price for sales in March by 1.15 percent, the second increase since February.
The Mini ...
Wednesday, 07 March 12
INDONESIA TO LIMIT FOREIGN OWNERSHIP IN MINES TO 49 PERCENT WITHIN 10 YEARS OF PRODUCTION
COALspot.com - Foreign holders of mining licenses in Indonesia have to divert 51% of their stakes to Indonesian government or domestic entitie ...
Wednesday, 07 March 12
ASSESS ASIAS POTENTIAL, DEVELOPMENTS AND APPETITE FOR SHALE AT SHALE GAS SUMMIT
Press Release - Assess Asia’s Potential, Developments and Appetite for Shale at Shale Gas Summit on 23-24 Apr, 2012 in Beijing
China is rep ...
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- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
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