“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Monday, November 03, 2008

Bayan signs $300m mining deal with Petrosea

Alfian, The Jakarta Post, Jakarta   

PT Bayan Resources, the country's eighth largest coal producer, has signed a US$300 million mining contract with construction firm PT Petrosea. 

PT. Gunungbayan Pratamacoal (GBP), a subsidiary of Bayan, signed a 5-year contract with Petrosea for overburden removal, Bayan director Jenny Quantero said in a statement over the weekend. 

Overburden is the term used in mining to describe the rock and soil that lies above the coal seam. 

Petrosea has been operating at GBP from November 1999 under two contracts, the last of which is due to expire at the end of December 2008. 

The new deal, which will commence on Jan. 1, 2009, sets the overburden production targets of 36 million bank cubic meters (BCM) per annum. 

"We believe that our strong relationship and support from Petrosea will positively contribute to our activities and secure future production from one of our main mines," Bayan's president director Eddie Chin said. 

GBP is a coal mining company that has a second generation coal contract of work (CCOW) to mine in Muara Pahu, East Kalimantan. It is split into two separate blocks with a total concession area of 24,066 hectares. 

Bayan was the eighth largest coal producer in Indonesia in terms of production volume in 2007. Through its eight subsidiaries, it owns the rights to mine coal on a total area of 81,265 hectares in East and South Kalimantan. 

Bayan produces wide coal with a variety of caloric values. It expects to increase its coal production to 9 million tons this year from 4.7 million tons last year. 

Bayan's 2008 projected sales volume is 9.9 millions tons, up from 7.1 million tons last year. 

The company estimates a doubling of revenue to $700 million this year, from $376 million last year. Net profit is expected to reach $100 million this year, more than triple last year's of $27.5 million.

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