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Wednesday, 25 July 12
BUMI RESOURCES MINERALS SECURED PINJAM PAKAI FOR ITS ZINC AND LEAD PROJECT
 COALspot.com - PT Bumi Resources Minerals Tbk. ("BRMS" or "the Company") today reported that its 80% owned subsidiary, PT Dairi Prima Mineral (DPM), has secured the Borrow & Use Permit for the Mining and Exploitation works for its zinc and lead concession in North Sumatera, from the Ministry of Forestry on 23 July 2012.
According to company, DPM has one of the highest grade of zinc deposits in the world (zinc and lead grades of 11.5% and 6.8% respectively), and is to be developed as an underground mining operation. DPM currently has JORC (Joint Ore Reserves Committee) standard reserve and resource estimates of 11 millions tonnes and 25 million tonnes of ores respectively.
Previously, in November 2011, DPM received the In-Principle License for the underground mining works within the same concession from the Ministry of Forestry. The recently approved Borrow & Use Mining and Exploitation Permit adds significant value to the zinc and lead project as it gives better certainty to the DPM's production profile. The permit is good for 8 years and can be extended.
BRMS also looks forward to completing the exploration drilling works on the several sites within its copper and gold concessions which are operated by the Company's subsidiaries, PT Gorontalo Minerals and PT Citra Palu Minerals in Sulawesi. Following which the JORC resource estimates from the respective sites will be announced by end of this year.
About Bumi Resources Minerals
PT Bumi Resources Minerals Tbk. (“BRM”) is majority owned by PT Bumi Resources Tbk. (“BUMI”).
BRM is incorporated in Indonesia and holds various non-coal mineral operating, development and exploration properties in Indonesia and in West Africa. BRM has a diverse portfolio of minerals, including copper, gold, zinc, lead, iron ore, diamonds, etc. and holds security of tenure for its exploration and development properties.
Given the strong commodity demand in the medium to long term, BRM provides a unique opportunity to be part of a diverse mineral company. The management team has sound business experience in resource development and operating activities. The team has the ability to manage in developing countries.
BRM strives to deliver positive results and add value to its stakeholders by monetizing its reserves into commercial production.
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Tuesday, 14 August 12
SAKARI SIGNS HEADS OF AGREEMENT TO ACQUIRE SIX COAL CONCESSIONS IN INDONESIA
COALspot.com - Sakari has signed a Heads of Agreement (HOA) to acquire a 100% interest in up to six IUPs, covering an area of over 29,000 hectares, ...
Tuesday, 14 August 12
UNCERTAIN FUTURE FOR DRY BULK PANAMAX SHIPS - DREWRY / HELLENIC SHIPPING
The dry bulk shipping market is in a poor state, with the Capesize segment the worst of all. Unfortunately, the latest analysis from Drewry Maritime ...
Monday, 13 August 12
5TH VIETNAM PORTS AND LOGISTICS 2012
Press Release - Co-hosted by VINAMARINE, the 5th Vietnam Ports and Logistics2012 will feature dedicated sessions on port and transport infrastructur ...
Monday, 13 August 12
ACTIVE DRY BULK FLEET INCREASES BY 8% SO FAR IN 2012 IN TERMS OF TONNAGE CAPACITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It’s no wonder that the dry bulk market has been tethering since the start of the year. the overflow of tonnage has been so enormous, that eve ...
Sunday, 12 August 12
COAL FREIGHT RATES FALL FLAT TO SOFT ON OVERSUPPLY, WEAK DEMAND - VISTAAR SINGAPROE
COALspot.com - The BDI continued its fall 10th August.
This week all segments were down including BDI down by 9.15 pct closing at 774 points .The ...
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- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- The University of Queensland
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- VISA Power Limited - India
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Trasteel International SA, Italy
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