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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, 09 November 09
SAM'S SEAFOOD HOLDINGS SET TO COMMENCE DRILLING AT INDONESIAN COAL PROJECT
Proactive Investors reported that, Sam's Seafood Holdings is preparing to kick off diamond drilling at the company's Indonesian coal project after ...
Saturday, 07 November 09
THE STEAM COAL MOVEMENT FROM INDONESIA TO INDIA REMAINED QUITE STRONG - CAPT. REDDY
COALspot.com (Singapore): The BDI continued rising this week and was up by 290 points up by almost 9 pct and the index closed at 3,393 points.
B ...
Friday, 06 November 09
COAL INDIA ABANDONS PLAN TO BUY ASSET IN AUSTRALIA
Coal India’s efforts to acquire a mid-sized virgin thermal coal block from a private party in Australia have drawn a blank.
The effort was ...
Friday, 06 November 09
NEW ASSETS WILL INCREASE COKING AND THERMAL COAL PRODUCTION
Coal and metals processing company Coal of Africa Limited (CoAL) aims to produce 10-million tons a year of coking coal and two-million tons a year o ...
Friday, 06 November 09
NTPC TO APPOINT MERCHANT BANKER FOR S AFRICA COAL MINE
State-run power producer NTPC, which is eyeing coal mines in South Africa to meet the gap in domestic fuel supply, will appoint a merchant banker ne ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Australian Coal Association
- The University of Queensland
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
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