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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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Friday, 23 October 09
AUSTRALIA APPROVES CHINESE TAKEOVER OF FELIX RESOURCES
* Australia give conditional approval to China's Felix deal
* Chinese owner must list the assets on Australian exchange
Reuters reported that, ...
Friday, 23 October 09
IVANHOE TARGETING 20 MILLION TONS OF COAL OUTPUT IN MONGOLIA
Bloomberg reported that, Ivanhoe Mines Ltd., developing a $4 billion copper and gold mine in Mongolia with Rio Tinto Group, is targeting long-term c ...
Friday, 23 October 09
XSTRATA PLANS $1BN AUSTRALIAN COAL PORT
Xstrata Plc, the world's biggest exporter of steam coal, plans to build a new $1 billion coal port in Australia, it said.
The proposed Balaclava ...
Friday, 23 October 09
MEXICO'S CFE SEEKS 6.24 MLN T COAL FOR 2010-12
Reuters reported that, Mexico's state-owned power monopoly plans to award a tender for 6.24 million tonnes of steam coal in December, according to ...
Friday, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward re ...
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- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Australian Coal Association
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Economic Council, Georgia
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- The University of Queensland
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
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