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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, 16 June 12
INDONESIAN SUB-BITUMINOUS COAL & CFR SOUTH CHINA COAL CONTRACT SWAPS ARE UNDER PRESSURE
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for July deliveries seems to be under pressure this week.&nbs ...
Friday, 15 June 12
CAPESIZE - THE LEVELS THAT DID FIX ARE DOWN W-O-W LEVELS - FEARNLEYS
Handy
Another slow-moving market with rates hovering at same level as last week. US Gulf positions fixed USD 25,000 for trips to Cont/Passero and S ...
Thursday, 14 June 12
SMALLER DRY BULK CARRIERS LIKELY TO FACE MORE CHALLENGES; DEMOLITION ACTIVITY SET FOR RECORD YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest update on the dry bulk markets, BIMCO said that China is partly “failing to deliver” on raw material imports that can affe ...
Wednesday, 13 June 12
LOW COAL PRICES COULD CHANGE SUPPLY SIDE DYNAMICS - FITCH RATINGS
Fitch Ratings believes that the weakness seen in thermal coal prices in recent months should reverse once demand from major importers recovers, alth ...
Tuesday, 12 June 12
ITACHA RESOURCES BUYS SARANA MARINE - INSIDER STORIES
Insider Stories reported that, coal mining company PT Itacha Resources, a joint venture between Anthoni Salim and Glenn Yusuf, announced that Itacha ...
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- White Energy Company Limited
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- The State Trading Corporation of India Ltd
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- Parry Sugars Refinery, India
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- Toyota Tsusho Corporation, Japan
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- Mjunction Services Limited - India
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- VISA Power Limited - India
- Tamil Nadu electricity Board
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- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
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- GMR Energy Limited - India
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- PTC India Limited - India
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- Posco Energy - South Korea
- Economic Council, Georgia
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- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
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- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
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- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
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- Eastern Coal Council - USA
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- IEA Clean Coal Centre - UK
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- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
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- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
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- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
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- Chamber of Mines of South Africa
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- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
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- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
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- Wood Mackenzie - Singapore
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- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
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- Price Waterhouse Coopers - Russia
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