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Tuesday, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
 According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 million tonnes and a JORC Mining Resource of 2.730 billion tonnes.
In accordance with the new Indonesian Mining Law, Churchill has completed the initial stage of its Indonesian restructuring and has converted its 75% beneficial interest in the Ridlatama Tambang license area into a direct equity interest.
The Ridlatama Tambang license area is the larger of the two IUP licenses that make up the East Kutai Coal Project, with a resource of 2.545 billion tonnes, or 93.2% of the 2.730 billion tonne resource of the East Kutai Coal Project. Churchill has also converted to a 75% direct ownership in PT Ridlatama Trade Powerindo, which holds a prospective 5,386 hectare license area adjacent to the Ridlatama Tambang license area, on which no drilling has been done to date.
Churchill Mining Plc and its Indonesian partners the Ridlatama Group intend to increase the project coal production rate by up to 10mtpa to 35mtpa. Coal production from the Northern Pit would increase from 20mtpa to 25-30mtpa and production from the Southern Pit would remain at 5mtpa.
Churchill’s feasibility and development work has identified that planned mine facilities at the Northern Pit have the capacity to support a mining production rate of 40-45mtpa. In this context, Churchill has executed project optimization studies which show that the overland conveyor, which will transport the coal from the Northern Pit, has an enhanced capacity of 25-30mtpa, an increase of 5-10mtpa.
In addition to the Northern Pit production, and further to the MOU signed with PT. Perusahaan Listrik Negara (PLN), the Indonesian state electricity firm, in April 2010, Churchill continues to work on plans for the purchase of 5mtpa of coal from the Southern Pit, which would fulfill Churchill’s Indonesian Domestic Market Obligation (“DMO”). PLN is now reviewing the potential to utilize its coal drying and enhancement technology on the project’s coal, which, in testing, upgraded the coal from subbituminous to bituminous, considerably increasing its value.
Churchill also continues to work closely with its strategic adviser, Credit Suisse, in reviewing development options for the project. The optimized feasibility study will form the platform for Credit Suisse’s work as it evaluates Churchill’s options for the project. Churchill’s CEO, Paul Mazak, commented: “We are delighted with the results of the optimization work performed thus far on this world-class thermal coal project. Our plans to increase production and coal sales by 50% are now being incorporated into the feasibility study and economics. We believe that the significant increase in the production profile will generate considerable additional economic value and further increase the attractiveness of the project for power project developers in Asia.”
Source: Churchill Mining
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Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
Wednesday, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...
Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
Souce: Insider Stories
Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...
Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
Source: Insider Stories
Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...
Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...
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- SMC Global Power, Philippines
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- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
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- Coalindo Energy - Indonesia
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- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
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- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
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- Kobexindo Tractors - Indoneisa
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- Jaiprakash Power Ventures ltd
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- Bahari Cakrawala Sebuku - Indonesia
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- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Posco Energy - South Korea
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Romanian Commodities Exchange
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- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Planning Commission, India
- Bhatia International Limited - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
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- Mjunction Services Limited - India
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- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
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- Pendopo Energi Batubara - Indonesia
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- The University of Queensland
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