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Wednesday, 22 May 13
COKAL SIGNS JV WITH MDM, FOR BARITO RIVER BARGING
 COALspot.com - Cokal Limited (ASX: CKA) has announced that it has entered into a 50:50 Joint Venture (JV) with Meratus Advance Maritime (MDM) one of the leading Indonesian shipping company providing point-to-point transportation solutions to transport coking coal from BBM mine. The JV will own and manage the shallow river barges and tugs design specifically for PT Bumi Barito Mineral (BBM).
According to company's website, the Bumi Barito Mineral (BBM) is a PMA company with an ownership structure of 60% Cokal and 40% Indonesian owners. The mine covers an area of ~19,400ha and is immediately adjacent to BHPBilliton's Juloi tenement, straddling the Barito River. The low ash coking coal will be produced from shallow opencut mining extraction using trucks and shovels. The coal will travel ~700 kilometres down the Barito River using river barging techniques tried and proven on similar rivers in many countries including the USA and Brazil.
MDM is part of the Meratus Group which has operated in Indonesian shipping since 1957 and has provided barging and shipping services to a number of the major Kalimantan coal operations. MDM have also worked on the Barito River over a number of years. The Barito is a major coal barging river on which BBM is located.
The JV is an accumulation of almost 2 years of studies into river based shallow draft barging systems which have confirmed its effectiveness on the Barito River. While shallow draft barging systems are used extensively worldwide the system has not been used in Indonesia to date, the note from company says.
Recently the BBM’s river barging solution moved to the next phase and US Naval Architects were retained to do detailed design for contract tenders to be issued. This is scheduled for completion in third quarter 2013. MDM’s practical input and detail knowledge of barging on the Barito has been invaluable in this phase.
Cokal’s Chairman and CEO Mr Peter Lynch said “this strategic partnership enables MDM to bring the experience and knowhow necessary to ensure the success of river barging on the Barito River, and for Cokal to be a part of controlling the critical part of its supply chain. This is a significant achievement for Cokal as we draw closer to the commencement of our coking coal production in a mid 2014”.
MDM Coal Transloader
MDM will operate the river barges and the river supply chain. They have a proven track record in this area and are experienced and well respected operator throughout Indonesia where they are known for their innovative solutions.
MDM’s Managing Director, Jorn Annweiler said “given our extensive experience in river barging in Indonesia we saw this as a real opportunity to be part of introducing new concepts to river barging in Indonesian that will bring about significant change and benefits to the industry”.
ABOUT MDM
Meratus is a leading Indonesian shipping company providing point-to-point transportation solutions. It has an integrated network of owned offices throughout Indonesia and places strong emphasis on safety, quality and customer focus. All vessels are maintained to international standards with AIACS and BKI Class, ISM and 9001 certification.
Established in 1957 Meratus has grown and become a household name in Indonesian shipping. Currently Meratus is engaged in several sectors of shipping and transportation.
ABOUT COKAL
Cokal Limited Cokal Limited (ASX:CKA) is an Australian listed company with the objective of becoming a metallurgical coal producer with a global presence. Cokal has interests in five projects in Central Kalimantan and one project (which holds three exploration licences) in West Kalimantan, Indonesia considered prospective for metallurgical coal. Cokal has also signed a joint venture with Tanzoz Resource Company Limited to explore for coal in Tanzania and a co-operation agreement with Mozambique Government Mining Corporation, EMEM, to explore for coking coal in the emerging coal province of Mozambique.
ABOUT BBM
The BBM Coal Project (IUP 188.45/149/2013) is situated in Central Kalimantan, Indonesia in the prospective metallurgical Upper Barito Coal Basin, Regency of Murung Raya. The Project covers an area of 15,000 hectares. The Project is adjacent to the BHP Billiton’s, Indomet Coal, Joloi Project in Murung Raya Regency.
BBM has a JORC Resource of 77 Million tonnes (Mt) in multiple seams comprised of 70Mt Inferred and 7Mt Indicated as well as an Exploration Target1 of 200 to 350Mt in thirteen seams within the Eastern Block of the BBM IUP (approximately 40 percent of the Project area). Cokal is completing definitive studies and obtaining the necessary approvals with the aim of commencing construction in October 2013 which would see first production occur in the first half of 2014.
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Friday, 24 May 13
US'S COAL PRODUCTION INCREASED WEEK ON WEEK
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.90 million short tons (mmst) of ...
Friday, 24 May 13
OPG POWER VENTURES OF INDIA LOOKING FOR 210,000 MT OF 4,200 GAR INDONESIAN THERMAL COAL
COALspot.com - OPG Power Ventures Plc (OPG) is an AIM listed (London Stock Exchange) and fast growing developer and operator of power plants in Indi ...
Thursday, 23 May 13
HANDY : THE ATLANTIC MARKET REMAINS UNCHANGED - FEARNRESEARCH
Handy
The Atlantic market remains unchanged. USG-Feast rates were around USD 19k. Little change from last week in the Pacific, fewer stems and tonn ...
Thursday, 23 May 13
COLOMBIA SHIPPED 11.74 MILLION TONS OF THERMAL COAL IN Q1
COALspot.om - Colombia produced about 18,388,972.94 mt of coal for the first quarter of 2013.
Q1' 2013 coal production was around 21.42 p ...
Tuesday, 21 May 13
NEWCASTLE PORT COAL SHIPMENTS SEEN FALLING WEEK ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,205,024 tons of thermal and coking coal for week ended 0700 hours 20 May 2013, Newcast ...
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- Parliament of New Zealand
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- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
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- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
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- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
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- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
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- Altura Mining Limited, Indonesia
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- MS Steel International - UAE
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- Petron Corporation, Philippines
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- Uttam Galva Steels Limited - India
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- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
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- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
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- Planning Commission, India
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- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
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- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
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- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Georgia Ports Authority, United States
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- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
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- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
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- Commonwealth Bank - Australia
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- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
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- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
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- Baramulti Group, Indonesia
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
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- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
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