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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, 14 July 12
FREIGHT MARKET SEEMS TO BE QUITE VOLATILE - VISTAAR
COALspot.com - The market seems to be quite volatile with the trend changing almost every week. This week all the segments were down except for Pana ...
Friday, 13 July 12
TRANSCOAL MINERGY HAS RECEIVED PMA STATUS IN INDONESIA
COALspot.com - PT Transcoal Minergy (“TCM”) has received official foreign owned company status from the Capital Investment Coordinating ...
Thursday, 12 July 12
LACK OF CAPESIZE DEMAND DRAGS DRY BULK MARKET LOWER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A lack of demand for the larger Capesize dry bulk carriers had as a result the fall of the industry’s benchmark, the BDI (Baltic Dry Index), w ...
Thursday, 12 July 12
RIO TINTO'S SENIOR MANAGEMENT CHANGES
COALspot.com - Rio Tinto is making changes to its senior management team as chief financial officer (CFO) Guy Elliott has decided to retire at the e ...
Thursday, 12 July 12
SOUTHGOBI RESOURCES ANNOUNCES NOTICE OF INVESTMENT DISPUTE FILED AGAINST MONGOLIAN GOVERNMENT
Press Release - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi”) announced today that SGQ Coal Investment Pte. Ltd., a wholly ...
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- Pipit Mutiara Jaya. PT, Indonesia
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- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
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- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
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- GVK Power & Infra Limited - India
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- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- PTC India Limited - India
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Planning Commission, India
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Global Business Power Corporation, Philippines
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- Directorate Of Revenue Intelligence - India
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- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Economic Council, Georgia
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
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- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- The University of Queensland
- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
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- Latin American Coal - Colombia
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- Global Green Power PLC Corporation, Philippines
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- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
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