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Monday, 07 December 09
BLACK RIDGE MINING ENTERS AGREEMENT WITH INDONESIAN COAL PRODUCER
Australian-listed Black Ridge Mining has entered into an exclusive dealing and non-circumvention agreement with Indonesian coal producer PT. Inmas Abadi in relation to PIA’s subbituminous coal deposit in Sumatra.
The Benkulu Province, where the deposit is located, is one of the most significant coal producing regions in Indonesia.
Under the Agreement, BRD has the exclusive right for a period of 5 months to conduct further legal and geological inquiries and to determine whether it will participate in the development of the deposit under a joint venture or similar arrangement with PIA.
The licence has a total area of 7,687 hectares of which preliminary investigation and at depth testing has taken place on 1,000 hectares, with early indications of an extensive resource.
The market for subbituminous coal is largely directed towards local power utilities with the Indonesian Government being a primary market for producers.
This Agreement forms the basis of BRD’s continuous expansion into new opportunities overseas, with both Indonesia and the Philippines being of primary interest.
Source: Proactive Investors
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Friday, 20 November 09
INDONESIAN CO PLANS JV WITH NAGARJUNA
Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal minin ...
Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...
Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...
Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...
Thursday, 19 November 09
THE GOVERNMENT TO GUARANTEE COAL SUPPLIES FOR POWER PLANTS
The government guarantees coal supplies for power plants under a 10,000 MW-capacity power plant construction acceleration program.
Minister of En ...
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- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
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- Economic Council, Georgia
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- Romanian Commodities Exchange
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- Straits Asia Resources Limited - Singapore
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- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
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- Standard Chartered Bank - UAE
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- Globalindo Alam Lestari - Indonesia
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- Timah Investasi Mineral - Indoneisa
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- Holcim Trading Pte Ltd - Singapore
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- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Bulk Trading Sa - Switzerland
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- The University of Queensland
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- Petrochimia International Co. Ltd.- Taiwan
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- Deloitte Consulting - India
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- The Treasury - Australian Government
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- Coal and Oil Company - UAE
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