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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, 30 June 12
THE FREIGHT RATES ARE EXPECTED TO BE STEADY TO FIRM NEXT WEEK - VISTAAR SINGAPORE
COALspot.com – The BDI was up by 2.66 pct (up by 26 points) closing at 1,004 points crossing the 1000 point barrier this week.
The c ...
Friday, 29 June 12
INDONESIAN PRODUCERS ARE PLANNING TO CUT PRODUCTION IF COAL PRICES FALL FURTHER
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 31.54* million tons of coal in May 2012, compared to 31.86* mill ...
Friday, 29 June 12
DRY BULK SHIP OWNERS DOING THEIR MATHS BEFORE PLACING NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With oversupply having plagued the dry bulk shipping fleet since the end of 2011, it’s become ever so evident that placing a newbuilding order ...
Thursday, 28 June 12
DRY BULK MARKET HIGHER ON CAPESIZE OPTIMISM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched a bit higher yesterday, as the BDI (Baltic Dry Index) ended up by 0.71% to 988 points. Most ship types were up, with the ...
Wednesday, 27 June 12
DIRECTORATE GENERAL OF MINERAL AND COAL OF INDONESIA INTRODUCES ON-LINE SYSTEM FOR MINING PRODUCTS EXPORT APPROVAL
COALspot.com - Directorate General of Mineral and Coal of Indonesia has released "Clear and Clean" certificate for another 33 coal miners ...
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- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- PTC India Limited - India
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
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