SouthGobi Energy Resources and Glencore International AG Sign Marketing Agreement
Alexander Molyneux, President of SouthGobi Energy Resources Ltd., and Gene Wusaty, Chief Operating Officer, announced today that an agreement has been signed with Glencore International AG to provide SouthGobi with coking coal marketing expertise and river barging/vessel loading logistical services for SouthGobi’s Mamahak coal project in East Kalimantan, Indonesia. “We have developed Mamahak...
KAL Thermal Coal Resource Increased to 248 Million Tonnes
KAL Energy, Inc., a thermal coal explorer and developer, announced the publication of an updated JORC Compliant Resource Statement on its Graha Panca Karsa concession (Block 24) in East Kalimantan, Indonesia. William Bloking, Executive Chairman and President of KAL Energy, Inc. said, “We are delighted to report not only a significant increase in the overall size of the Graha resource, but also...
Continental Energy Acquires Interest in New Block in Indonesia
Continental Energy Corporation announced that it has acquired an interest in a new production sharing contract in Indonesia. Pursuant to a joint bid agreement with Adelphi Energy Limited and GeoPetro Resources Company, the group’s joint venture company, ACG (South Bengara-II) Pte. Ltd., signed a new PSC for the South Bengara-II block. Continental’s wholly owned subsidiary, Continental...
SouthGobi Energy Resources Confirms High Quality Metallurgical Coking Coal at the Mamahak Coal Project in East Kalimantan, Indonesia
Peter Meredith, Chief Executive Officer of SouthGobi Energy Resources Ltd., and Gene Wusaty, Chief Operating Officer, Coal Division, announced today that the company has received independent laboratory analysis of a recent bulk sample that confirms high volatile, high-fluidity metallurgical coking coal at the Mamahak coal project in East Kalimantan, Indonesia. SouthGobi owns 85% of the Mamahak coal...
KAL Energy Enters Into Amended Royalty Agreement
KAL Energy, Inc., a thermal coal explorer and developer, today announced that it has successfully amended the terms of its royalty agreement with Concord International. Under the terms of the new agreement, the Company will pay royalties as follows: 1. For all coal sales under $40 per metric ton the royalty is reduced from $0.40 per metric ton, indexed annually with inflation, to $0.20 per metric...
KAL Energy Inc. Opens Office in Jakarta and Completes Restructuring
KAL Energy, Inc., a thermal coal exploration and development company, announced the opening of its Jakarta office and the completion of its extensive company restructuring. William Bloking, executive chairman and president of KAL Energy, Inc. said, “I am pleased to report that, in line with last quarter’s announcement, the move to Jakarta was completed on time and on budget. We believe...
SouthGobi Energy Resources Increases Ownership Position in the Mamahak Coal Project, Indonesia, to 85%
Peter Meredith, Chief Executive Officer of SouthGobi Energy Resources Ltd. , and Gene Wusaty, Chief Operating Officer, Coal Division, announced today that the company has increased its ownership in the Mamahak Coal Project in East Kalimantan, Indonesia, from 56% to 85%. The original Joint Venture Agreement with Score Resources Ltd. included a provision allowing for SouthGobi to increase its ownership...
White Energy’s Successful Production of Upgraded Coal at Cessnock Plant
White Energy Company Limited confirmed that it has successfully produced upgraded coal at its binderless coal briquetting plant at Cessnock, New South Wales. Having completed construction eight weeks ago, key elements of the commissioning phase are now finalised with all relevant certifications for running the Plant being received at the end of last week. At the beginning of this week, the drying furnace...
SouthGobi Energy Resources Announces Major Increases in Coal Resources at its Ovoot Tolgoi Coal Mine in Southern Mongolia
Peter Meredith, Chief Executive Officer of SouthGobi Energy Resources Ltd., and Gene Wusaty, Chief Operating Officer, Coal Division, are pleased to announce today that an independent estimate compliant with National Instrument 43-101 has sharply increased resources at the company’s Ovoot Tolgoi coal project in Mongolia. The new report shows that Ovoot Tolgoi’s West Field now contains Measured...
Indonesia denies reports of possible coal export quotas
Indonesia has denied that it will set a quota for coal exports as it wants to reserve the coal for future use. The reports had prompted rising interest in the country’s natural resources from energy-hungry China and India. The reports were baseless and the new mining law likely to be passed by Parliament by June would in fact provide more certainty for mining companies, said Simon Sembiring,...
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