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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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Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
Monday, 15 February 10
INDONESIA IN TALKS TO RESOLVE BANPU MINE CLOSURE
Indonesia is seeking to resolve a land permiting problem resulting in the closure of a coal mine in Kalimantan operated by a unit of Thailand's top ...
Monday, 15 February 10
PVT ENTRY IN COAL MINING TO BE DELAYED
Entry of private players in coal mining will be delayed. Contrary to expectations, the coal ministry will not move in the Budget session a bill that ...
Sunday, 14 February 10
NEWCASTLE STEAM COAL TRADES AT US$ 91 TO US$ 92
Reuters reported that prompt cargo prices for coal delivered into Europe were largely unchanged recently after a day of subdued trading.
European ...
Saturday, 13 February 10
THE FREIGHT MARKET CONTINUED TO BE WEAK THIS WEEK - CAPT. REDDY
COALspot.com (Singapore): The freight market continued to be weak this week. There have been quite a few spot vessels open Far east and have been fo ...
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