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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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Friday, 03 August 12
INDIA - LIGHTS OUT! - SALVA
The Indian power sector hit global headlines this week for all the wrong reasons. Firstly, on Monday, over 350 million people lost power across nort ...
Thursday, 02 August 12
OIL & GAS COMPANIES TO MEET IN MYANMAR FOR UPDATES ON NEW ROUND OF BIDDING AND INVESTMENT POTENTIAL IN UPSTREAM OIL, GAS, AND POWER GENERATION
Press Release - 2nd MOGP Summit (Myanmar Oil, Gas & Power) will convene in Yangon from 3 – 6 September 2012, to unveil new round of biddin ...
Thursday, 02 August 12
DRY BULK MARKET RATES CONTINUE SLUMP AMID SLOWER DEMAND NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on its downward path Wednesday, as the BDI (Baltic Dry Index) kept retreating to new lows. The index was down by 2.12 perce ...
Monday, 30 July 12
DRY BULK MARKET TO REMAIN UNDER PRESSURE FOR THE REST OF 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In an interview with Hellenic Shipping News Worldwide, Mr. Yannis Pachoulis, President of the Hellenic Shipbrokers' Association, remains cautiously ...
Sunday, 29 July 12
FREIGHT MARKET MOMENTUM CONTINUES TO WEAK
COALspot.com - The freight market continued to soft this week with all the segments dropped and the BDI fell below 1,000 points and closed at 933 po ...
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- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Australian Coal Association
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
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