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Monday, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the current Exclusive Dealing Agreement with PT Inmas Abadi for the subbituminous coal deposit in Bengkulu region, Indonesia.
Mr Tuit will also be involved in other prospects currently being considered by the company, with the appointment effective immediately.
He has extensive experience in business assessment and development strategies within the Inonesian corporate, finance and industry levels, and has spent the past few years based in Jakarta where he has specialised in the mining sector and in particular, within the coal industry.
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“Black Ridge entered into an exclusive dealing agreement with PT Inmas Abadi in December 2009 for the sub-bituminous coal deposit in Bengkulu, Indonesia“
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His role will be to help BRD qualify the ongoing confirmation of legalities associated with the concession, the credibility of the resource data being provided by the vendors, and confirmation of the geological information in the region.
Mr Tuit's experience within the mining industry encompasses over 30 years of appointments within Western Australia and Indonesia.
Black Ridge entered into an Exclusive Dealing Agreement with PIA in December 2009 for a 5 month period, to investigate the legal and geological information available within the 7,687ha concession on Sumatra Island.
The results of this investigation will form the basis of whether BRD will participate in the development of the deposit under a Joint Venture or similar arrangement with PIA and under what terms.
Source: Proactive Investors
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Tuesday, 09 March 10
MINING LAW OPTIMIZES SECTOR
Law No. 4 / 2009 on Mineral and Coal Mining have given a new direction for the future of mining in Indonesia, including Domestic Market Obligation, ...
Tuesday, 09 March 10
STRONG REBOUND IN ALL THE DRY BULK SEGMENTS THIS WEEK
There was a strong rebound in all the dry bulk segments this week, leading to an 18% jump in the Baltic Dry Index.
The Cape and Panamax markets s ...
Tuesday, 09 March 10
L&T POWER EYEING COAL MINES IN AUS, INDONESIA
L&T Power Development Company, a part of the Larsen & Tubro Group, plans to acquire coal mines in Australia and Indonesia, a top company off ...
Tuesday, 09 March 10
BHP AGREES SHORTER-TERM COAL DEALS WITH EUROPEAN, ASIAN CUSTOMERS
Diversified miner BHP Billiton on Monday reported that it had reached sales terms for a significant portion of its hard coking coal volumes for 2010 ...
Monday, 08 March 10
KPCL TO IMPORT 0.9 MILLION TON OF 6000 GCV COAL
COALspot.com: India's Karnataka Power Corporation Ltd is seeking to import 0.9 million metric tons of 6000 kcal/kg (adb) Gross Calorific Value stea ...
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