Adaro terus berkembang di 2013 - The ASIA Miner

Regional News
Altura awarded Philippines contract
Altura Mining has won the first of three coal operating contracts that it bid
for as part of the Philippine Energy Contracting Round 4 (PECR4) in March
2012 and is awaiting confirmation of the results of the remaining two bids.
The operating contract known as Area 3-Cantanduanes covers 7000 hectares
and is on Catanduanes Island on the eastern seaboard of the Philippines.
Altura has been focused on identifying coal resources in the Philippines
with the establishment of a new company, Altura Mining Philippines Inc
(AMPI). Applications for three coal resource areas were lodged with the
Philippine Department of Energy (PDE). AMPI is following the same model
used in Indonesia for the acquisition, exploration and development of coal
operations. Acquisition of Area 3 brings Altura’s total South East Asia coal
holdings to more than 24,000 hectares.
Cuesta Coal raises Aus$12 million
A placement has resulted in Cuesta Coal raising Aus$12 million, much of
which will be used to fast-track the development project at Moorlands,
14km west of the Blair Athol Coal Mine in the Western Bowen Basin in
Queensland, Australia. The placement was taken up by Longluck
Investment (Australia), a subsidiary of Beijing Guoli Energy Investment Co.
Cuesta will also use $5 million to redeem 50% of the $10 million convertible
notes that will be issued to the vendors upon settlement of the acquisition
of the Orion Coal Project from Hannigan & Associates. Orion is to the
immediate north and a continuation of Cuesta's existing resource at
Moorlands, which contains a combined resource of 136.3 million tonnes and
an exploration target of 85-150 million tonnes.
Davao starting date brought forward
Coal Asia Holdings has brought forward the expected commercial production
starting date for its mining project in Davao Oriental, the Philippines, by
three months to October 2013. The mine is expected to annually produce
600,000 tonnes of high-grade coal. The company, which holds the country’s
second largest coal reserves and resources, says the date has been made possible
by early completion of drilling and exploration activities.
Coal Asia, through subsidiary Titan Mining and Energy Corp, is also evaluating
and testing two new previously undiscovered large coal deposit areas
within its coal operating contract in Davao Oriental. Its other mine, in
Zamboanga Sibugay, is expected to begin production in 2015. Coal Asia has
secured offtake agreements with domestic and international buyers and
plans to export coal to India, Japan, Taiwan, Hong Kong and Vietnam.
Tigers Realm receives Amaam mining licence
Following recent approval of Tigers Realm Coal's mining licence application
by Russian federal subsoil agency Rosnedra, the agency's Chukotka
Branch has issued Tigers Realm Russian subsidiary NPCC with a mining
licence over the area covered by its mining licence application for the
Amaam Coking Coal Project in Russia's Far East.
Issuance of the licence enables Tigers Realm to exercise its right to
increase ownership of NPCC and the Amaam project to 60%. Amaam North
remains 80% owned by the company. Achieving this major milestone on
schedule clearly demonstrates the high level of support NPCC has received
for the Amaam project. The Amaam pre-feasibility study is in its final stages
with the key findings expected to be announced in early April.
Celsius receives Blumont funding
Celsius Coal has received the first Aus$5 million tranche of a $10 million
strategic funding arrangement with the Singapore-based Blumont Group
which will pay for the 2013 exploration and development program at its
Kyrgyz Republic coal prospects. The company has announced a maiden
total inferred, JORC-compliant resource of 255 million tonnes at the Uzgen
Basin project, comprising 230 million tonnes at Kargasha deposit and 25
million at Kokkia deposit.
April 2013 l Coal Age Indonesia l 39