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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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Friday, 16 July 10
CHINA EXPORTS 10.14 MILLION TONNES OF COAL IN H1 OF 2010
China exported 10.14 million tonnes of coal in the first half of this year, down 13.1% compared with the corresponding period of last year, accordin ...
Thursday, 15 July 10
SMC TO PURSUE MINDANAO COAL MINING PROJECTS
Philippine Daily Inquirer reported that, DIVERSIFYING CONGLOMERATE San Miguel Corp. is inclined to pursue its coal mining projects in Mindanao ...
Thursday, 15 July 10
ADANI ENTERPRISES WILL BUY $1 BILLION COAL MINE FROM LINC ENERGY - TOP NEWS
Top News reported that, Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mi ...
Thursday, 15 July 10
ADANI TO DEVELOP COAL EXPORT TERMINAL IN AUSTRALIA - BUSINESS STANDARD
Business-Standard reported that, The Adani Group, promoter of Mundra Port and Special Economic Zone (MPSEZ), today said it has been selected as the ...
Thursday, 15 July 10
NO IMPROVEMENT IN THE DRY BULK MARKET - INTERMODAL
Broker’s insight
With the Baltic Dry Index today (13/7/2010) standing at 1,790 points - the lowest point since early May 2009 - ...
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- Coal and Oil Company - UAE
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Australian Coal Association
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
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- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
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- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
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- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
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- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
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- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
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- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- White Energy Company Limited
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
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