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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 penning a contract with PT Maxidrill Indonesia.
The Perth-based company, poised to be renamed Pan Asia Corporation, mobilised a diamond drilling rig which targets high quality thermal coal deposits at the Roda Niaga Coal Project located about 10km to the west of Batulicin in Indonesia.
Sam's Seafood, which last traded at 2.3c on the Australian Stock Exchange, is expected to commence drilling of up to seven holes in days, with the option to continue drilling based on the success of these initial holes.
With the change in corporate direction, investors have had strong trading opportunities as the stock has risen 166% since August.
Last month, the company announced it had executed an option to acquire a 75% interest in the TCM Coal Project in Mantewe District, South Kalimantan, Indonesia from Innovation West.
In the latest news, drilling is targeting the down-dip position of thermal coal seams being mined in three nearby open pit mines
The Roda Niaga Coal Project covers 6,412Ha and is prospective for thermal coal deposits, given its close proximity to a number of existing open pit coal mines with exposed coal seams seen to dip shallowly into the Roda Niaga concession.
The drilling program is designed to test the thickness, position and quality of these coal seams as they extend into Roda Niaga.
Source:Proactive Investors
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Thursday, 05 November 09
HMS BERGBAU AG OPENING INDIAN OFFICE
Further step on internationalization track Office in Mumbai Participation in demand for coal imports
HMS Bergbau AG, is an international coal tra ...
Thursday, 05 November 09
SAM'S SEAFOOD HOLDINGS MOVES STEP CLOSER TO COAL EXPLORATION IN INDONESIA
Sam’s Seafood Holdings Limited, which is proposed to be renamed Pan Asia Corporation Limited, is moving closer to becoming an exploration and ...
Wednesday, 04 November 09
INDONESIA CAP ON COAL EXPORTS MAY HIT INDIAN POWER SECTOR
BL reported that Karnataka power sector is likely to be partially impacted by the Indonesian Government move to restrict coal exports.
Private se ...
Wednesday, 04 November 09
SA 2010 COAL EXPORTS SEEN AT 65M TO 68M TONS - ANALYSTS
South Africa's thermal coal exports could rise to as high as 68 million tonnes in 2010 but are more likely to be 64-65 million compared to 60 milli ...
Wednesday, 04 November 09
BAKRIE MAY WIN BERAU COAL BID FROM ARMADIAN
The Bakrie group is likely to be selected as buyer of PT Berau Coal, the country’s fifth-largest coal producer, two people familiar with the m ...
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- MS Steel International - UAE
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- Edison Trading Spa - Italy
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- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
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- Directorate General of MIneral and Coal - Indonesia
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- SN Aboitiz Power Inc, Philippines
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- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
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- AsiaOL BioFuels Corp., Philippines
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- Parry Sugars Refinery, India
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- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
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- PowerSource Philippines DevCo
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- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
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- Bukit Makmur.PT - Indonesia
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- Metalloyd Limited - United Kingdom
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- Parliament of New Zealand
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- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
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- Coal and Oil Company - UAE
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