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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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Monday, 23 November 09
INDONESIA MINING RULE THREATENS INVESTMENT DRIVE
A new Indonesian mining rule, limiting contract work that can be outsourced and favouring local players, is shaping up as a new blow to plans ...
Sunday, 22 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 25,000/26,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR ANALYSIS
COALspot.com (Singapore): Analyised by Capt. Radhakrishnan Reddy, Managing Director of Vistaar Shipping Services, Singapore.
BDI hits a new high ...
Friday, 20 November 09
INDONESIA UNITED TRACTORS PLANS $430 MLN CAPEX IN 2010
Reuters reported that, Indonesian heavy equipment distributor and mining contractor PT United Tractors Tbk plans capital expenditure of $430 million ...
Friday, 20 November 09
DRY BULK SHIP OWNERS HOPE RALLY WILL LAST
Boon times are still on the daily agenda of every dry bulk ship owner these days after one of the toughest year in the industry’s century-old ...
Friday, 20 November 09
NTPC LOOKING FOR LONG TERM CONTRACTS FOR COAL IMPORT
Business Standard of India reported that, State run power firm NTPC today said it is looking for long-term supply of coal from overseas market to me ...
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- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- PTC India Limited - India
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
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