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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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Wednesday, 09 December 09
COAL INDIA YET TO IMPLEMENT IMPORT LINKED PRICES
Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reser ...
Wednesday, 09 December 09
INDIA NEEDS TO IMPORT 29 MILLION TONNE STEAM COAL IN 2009 - 10
Mr Sriprakash Jaiswal Indian minister of state (Independent Charge) for coal informed the Rajya Sabha that Central Electricity Authority has estimat ...
Tuesday, 08 December 09
VOLATILE COAL PRICES SPUR ASIAN HEDGING
Volatile coal prices are forcing staid Asian power firms to change the way they buy fuel, setting the scene for a hedging boom as a growing array of ...
Tuesday, 08 December 09
MEC TO SHIP 2M T INDONESIA COAL TO INDIA IN 2010 - REUTER'S INTERVIEW
The UAE's Middle East Coal plans to start operation of coal mines in Indonesia's East Kalimantan province next year with initial production of 2 m ...
Tuesday, 08 December 09
RICHARDS BAY COAL SHIPMENTS FELL 11% IN NOVEMBER FROM YEAR AGO
Coal exports from South Africa’s Richards Bay, site of the continent’s largest export terminal for the fuel, fell 11 percent in November ...
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