Free press releases distribution network?

Agency / Source: Earthstone Holdings Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



MSE Earthstone Resources FZC Acquires 100% Economic Rights of Coal Mine in Melabouh - Coal mine extensively spread over 2.560 Ha in the thermal coal resource region of Melabouh, Aceh, Indonesia
MSE Earthstone Resources FZC Acquires 100% Economic Rights of Coal Mine in Melabouh

 

PRZOOM - /newswire/ - Jakarta, Selatan, Indonesia, 2009/03/16 - Coal mine extensively spread over 2.560 Ha in the thermal coal resource region of Melabouh, Aceh, Indonesia.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

MSE Earthstone Resources FZC, part of Earthstone Group, a diversified mining conglomerate, today announced the acquisition of 100% economic rights of Coal mine extensively spread over 2.560 Ha in the thermal coal resource region of Melabouh, Aceh, Indonesia.

The Department of Mining granted a three year Kuasa Pertambangan exploration license to PT Bara Bina Perkasa early this month. MSE Earthstone Resources FZC has acquired 100% economic rights from PT Bara Bina Perkasa and has agreed to invest for exploration and exploitation of the mine. Integrated Coal Mining limited, a RPG Group company from India entered into an agreement with MSE Earthstone Resources FZC to jointly explore this mine. RPG Group has an option to acquire upto 51% economic interest of the mine subject to satisfactory Exploration of the mine.

Commenting on the acquisition, Earthstone Group, Chairman and CEO Mr. Pankaj Shah said: "This acquisition is in line with our growth strategy of identifying and exploring high quality natural resources in order to meet the industry demand”.

Earthstone conducted initial reconnaissance studies to identify outcrops, determine characteristics of the coal seam, collect samples and determine the logistics and results conclude immense potential for exploring high quality thermal coal. The site has good road infrastructure with minimal effort required to expand. The road is build 3km from the site to the municipal road and 20kms from the site to Melabouh city.

Earthstone jointly with RPG Group plans to initiate detailed systematic surveys including geophysical studies, drilling and geological logging on the site by April 2009.

About Earthstone Group

Earthstone Group (earthstonegroup.com) is a diversified multinational Group with established presence in Mines and Minerals and developing interests in Energy, Roads, Airports, Ports, Rail Networks and other associated Infrastructure. Acting through its subsidiary companies the Group secured 100% Economic Rights in Coal, Iron Ore, Lead Ore and Manganese Ore properties in Indonesia. We are actively pursuing opportunities in a number of Asian and African countries for Cocking Coal, Uranium, Gold and Thermal Coal Mining.

About ICML Group

Integrated Coal Mining Company Ltd. was established in 2002 by CESC with the special purpose for development and production of thermal coal for its power plants. Since that time ICML, with current production of 2.7 million tons, achieved substantial success in its business, covering over 50% of CESC requirements. The company is noted by implementation of safe and environmentally responsive mining practices. CESC is a 110 years old power utility company working in the Greater Kolkata area that has 4 coal-fired stations of aggregate capacity 975 MW, T&D network of 14,000 ckt. km and a customer base of 2 million. CESC is an integral part of RPG Group - a leading business house in India with annual turnover of over $3 billion USD, having presence in power, tyres, life sciences, IT, entertainment, retail.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Earthstone Holdings Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Mining/Metal/Mineral articles,
CATCH Visitors via Your Competitors Announcements!


MSE Earthstone Resources FZC Acquires 100% Economic Rights of Coal Mine in Melabouh

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Joshina Kapoor - EarthstoneGroup.com 
+6221 5794 7795/6 joshina.kapoor[.]earthstonegroup.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Earthstone Holdings Ltd securities in any jurisdiction including any other companies listed or named in this release.

Mining/Metal/Mineral via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Earthstone Holdings Ltd / Company Profile


Read Mining/Metal/Mineral Most Recent Related Press Releases:

Boliden Selects Metso to Supply Equipment for A New Surface Crushing Station to Aitik Copper Mine in Sweden
Metso's Upgraded PlantTriage Software Simplifies Real-time Performance Management and Strengthens Cybersecurity
Metso Supplies Key Minerals Processing Equipment to Tibet Julong Copper for One of the Largest Greenfield Copper Projects in the World
Metso's Reliable Neles BWX Butterfly Valve Meets Requirements of Various Process Industries
Metso Introduces Integrated Approach for In-the-pit Operations
Metso Introduces Advanced Solutions for Fine Classification in Wet Minerals Processing
Rockwell Automation Outlines Steps for Achieving a Connected Mine
Metso Signs Landmark Deal with the World's Largest Copper Miner Codelco in Chile
Metso to Continue the Exclusive Lokotrack Distributor Agreement with Garriock Bros in the UK
Steel Dynamics, Inc. Wins Metals Company of the Year - Platts Global Metals Awards

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  Triggr & Bloom

Visit  BizJobs.com

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today