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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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Thursday, 12 November 09
GANGAVARAM PORT SETS RECORD BY DISCHARGING 80,514 TONNE OF COAL CARGO
Gangavaram Port, the deepest port in the country with water depth of 20 meters, has achieved an unprecedented milestone by discharging 80,514 metric ...
Thursday, 12 November 09
FOREIGN INVESTMENT IN RUSSIAN COAL SECTOR
Reuters reported that, Russia's coal mines, particularly in the Arctic and Far East, are attracting interest from foreign investors as commodity pr ...
Thursday, 12 November 09
BANPU TO INVEST US$ 466 M
Plan targets 33.5m tonnes of coal per year
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is planning capital investments of ...
Wednesday, 11 November 09
NORTHSTAR TAKES 40 PER CENT OF INDONESIAN MINING COMPANY
AltAssets reported that, PT Northstar Pacific Partners, the Indonesian affiliate of US private equity firm TPG, has taken a 40 per cent stake in Ind ...
Wednesday, 11 November 09
INDONESIAN COAL MINERS SOLD BIG VOLUMES OF 2010 TO CHINA
* China has scooped up large volumes of Indonesian coal
* Total exports to China in 2010 seen to exceed 20 million T
* Chinese, Indian demand may ...
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- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Australian Coal Association
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Wilmar Investment Holdings
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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