Environmental Clean Technologies Limited (ASX:ESI) advises that coal samples from Ilthabi Bara Utama (IBU) coal mine in East Kalimantan have responded successfully to Coldry testing.
Environmental Clean Technologies Limited (ASX:ESI) has reached agreement with Indonesian coal mining company Ilthabi Bara Utama (IBU) to commence initial testing of low rank coal samples from its East Kalimantan mine for suitability for application of the Coldry process.
Environmental Clean Technologies Limited (ASX:ESI) advises that it has terminated the subscription agreement with Pacific Capital Value Limited ('PCVL') dated 18 November 2008 ('Subscription Agreement') by mutual arrangement with that company.
Environmental Clean Technologies Limited (ASX:ESI) has signed a Heads of Agreement for the staged investment in a Special Purpose Vehicle (SPV) by a Vietnamese-based company, to establish a plant for the production of 20M tonnes per annum of Coldry, black coal substitute, over the next 30 years.
Yesterday the Asian major bourses posted losses, driven by negative sentiment caused in large part by doubts over the financial rescue package in the US and profit-taking. The US President Barack Obama was sending Congress a budget that projects the government's deficit for this year will soar to US$1.75 trillion, reflecting efforts to pull the nation out of a deep recession and a severe financial crisis.
Environmental Clean Technologies Limited (ASX:ESI) has signed a Heads of Agreement for the staged investment in a Special Purpose Vehicle (SPV) by a Vietnamese-based company, to establish a plant for the production of 20M tonnes per annum of Coldry, black coal substitute, over the next 30 years.
Environmental Clean Technologies Limited (ASX:ESI) advises that commercial negotiations with Victoria Capital, for the purchase up to 20M tonnes of Coldry per year for 20 years (Letter of Intent announced 18 November 2008) are progressing productively.
