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Sunday, 01 November 09
ADAVALE RESOURCES MAKES COAL ACQUISITIONS IN INDONESIA
 Adavale Resources Limited has entered into an agreement to acquire the rights to two thermal coal projects Tapan and Jambi in Sumatra Indonesia, held by United Energy and Resources.
Under the agreement, Adavale will fund an initial exploration program to seek to upgrade the existing 15 million tonne inferred coal resource at the Tapan project to a Measured Coal Resource of 5 million tonnes.
The expected costs of this initial program will be an upfront payment of USD 110,000 and subject to a review of due diligence up to a further USD 650,000.
On completion of proving up a 5 million tonnes resource and Adavale being satisfied with the development to that date, Adavale will provide up to a further USD 3.4 million to develop and gain all necessary approvals to take the project through to the mining stage.
Mr Richard Poole chairman of Adavale Resources said that “Whilst recognizing the substantial opportunities for successful mining development in Indonesia, Adavale is aware of the potential risks and have been working hard to reduce these as much as possible. We are developing the projects in stages.”
The works program to seek to prove up a Measured Coal Resource will commence during the first week of November. The program will focus on proving up a Measured Coal Resource and will include mine planning in order to ensure an efficient and economically viable mining operation for the Tapan Project can be developed. First production at Tapan is being targeted for the second quarter of 2010.
The company is expected to development Jambi after Tapan. Preliminary drilling and trenching has identified an inferred coal resource in excess of 20 million tonnes at Jambi.
Adavale has acquired ‘United’s’ rights to a MOU over four coal concessions within the Jambi Province. Adavale’s initial target is within an Exploration Licence of 10,000 hectare located close to the provincial capital of Jambi.
Source: Steel Guru
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Wednesday, 09 December 09
INDONESIA'S RECAPITAL TO PAY $1.48 BLN FOR BERAU
Recapital Advisors, an Indonesian investment firm, will pay $1.48 billion in cash and notes to buy coal miner PT Berau Coal, $300 million of which i ...
Wednesday, 09 December 09
COAL INDIA YET TO IMPLEMENT IMPORT LINKED PRICES
Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reser ...
Wednesday, 09 December 09
INDIA NEEDS TO IMPORT 29 MILLION TONNE STEAM COAL IN 2009 - 10
Mr Sriprakash Jaiswal Indian minister of state (Independent Charge) for coal informed the Rajya Sabha that Central Electricity Authority has estimat ...
Tuesday, 08 December 09
VOLATILE COAL PRICES SPUR ASIAN HEDGING
Volatile coal prices are forcing staid Asian power firms to change the way they buy fuel, setting the scene for a hedging boom as a growing array of ...
Tuesday, 08 December 09
MEC TO SHIP 2M T INDONESIA COAL TO INDIA IN 2010 - REUTER'S INTERVIEW
The UAE's Middle East Coal plans to start operation of coal mines in Indonesia's East Kalimantan province next year with initial production of 2 m ...
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- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Australian Coal Association
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Bangladesh Power Developement Board
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