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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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Saturday, 28 July 12
CAL 2013 COAL SWAPS ARE HIGHER COMPARED TO SEPT 2012 PRICES
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 0.47 percent on Friday (27 July 2012) closing DoD but lost 0.90 ...
Friday, 27 July 12
PACIFIC MARKET REMAINED FLAT - FEARNLEYS AS
Handy
The Atlantic market continued its downward trend from last week with what appears to be a summer lull across the board. A trip from the USG t ...
Wednesday, 25 July 12
BUKIT ASAMS H1 REVENUE JUMPED BY 13 PERCENT
COALspot.com - PT Bukit Asam (Persero), Tbk., the state owned coal miner's revenue in H1 2012, has jumped 13 percent to IDR 5.79 trillion (approxim ...
Tuesday, 24 July 12
SHIP OWNERS WAITING FOR SHIP PRICES TO FALL FURTHER BEFORE MOVING IN MORE AGGRESSIVELY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the summer season already well under way and many ship owners getting ready for the autumn, the sale & purchasing activity of second hand v ...
Monday, 23 July 12
NTPC INVITES BIDS FOR 2.6 MILLION TONS OF LOW MOISTURE IMPORTED COAL
COALspot.com - India’s largest electricity generator, NTPC Limited, incorporated in 1975 as a public sector company wholly owned by Government ...
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- Baramulti Group, Indonesia
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- Attock Cement Pakistan Limited
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- Electricity Generating Authority of Thailand
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- IEA Clean Coal Centre - UK
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- Global Coal Blending Company Limited - Australia
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- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
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- Indian Energy Exchange, India
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- Samtan Co., Ltd - South Korea
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- Power Finance Corporation Ltd., India
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- The Treasury - Australian Government
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- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
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- New Zealand Coal & Carbon
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- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Eastern Coal Council - USA
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- TNB Fuel Sdn Bhd - Malaysia
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- Minerals Council of Australia
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- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
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- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
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- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
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- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
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- Agrawal Coal Company - India
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
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- PowerSource Philippines DevCo
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- Australian Coal Association
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
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- LBH Netherlands Bv - Netherlands
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- Energy Link Ltd, New Zealand
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