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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 December 11
HAREDA KRIDA GETS CONTRACT FROM BAYAN - INSIDER STORIES
Insider Stories reported that, coal miner PT Bayan Resources Tbk (BYAN), through its subsidiary dubbed PT Gunungbayan Pratamacoal (GPB), has signed ...
Thursday, 08 December 11
CAPESIZES LIFT DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize vessels yesterday helped lift the dry bulk market which had been falling since the start of the week on lower cargo demand. As a result the ...
Wednesday, 07 December 11
ABM INVESTAMA EYES RP6.3 TRIO REVENUE - INSIDER STORIES
Insider Stories reported that, an energy integrated company PT ABM Investama Tbk is eyeing a 1.5 folds increase in revenue this year from Rp4. ...
Tuesday, 06 December 11
DRY BULK MARKET ENDS RALLY, STARTS WEEK WITH FALL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a series of increases which saw the dry bulk market’s benchmark, the Baltic Dry Index (BDI) increasing close to 1,900 points and rates o ...
Monday, 05 December 11
THE DECEMBER HBA FELL 11% FROM ITS PEAK AT US$127.05 PER TON IN FEBRUARY 2011
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has sets the December 2011 coal reference price at US$ 112.67 per ton US$ 3.98 ...
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- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- White Energy Company Limited
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Planning Commission, India
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