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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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- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Economic Council, Georgia
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- White Energy Company Limited
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- The University of Queensland
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Planning Commission, India
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Australian Coal Association
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
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