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Thursday, 23 September 10
CHURCHILL MINING SHARES JUMP ON EAST KUTAI COAL PROJECT FEASIBILITY RESULTS - STOCKOPEDIA
 AIM listed mining group Churchill Mining (LON:CHL) and its Indonesian partners the Ridlatama Group, have completed a feasibility study on the 2.73bn tonne East Kutai Coal Project in Indonesia. The two sides said the study had confirmed the technical and economic feasibility of the project and demonstrated that it is a world-class thermal coal deposit. The news was enough to send Churchill’s shares up by 14.5% to 141.5p during the morning.
The project’s investment evaluation, modelled over an initial 25-year period, indicates a pre-tax net present value of US$1.8bn (discount rate of 10%), an internal rate of return of 21% and a payback period of seven years. The study now forms the platform for the next stage in the development of the project and the ongoing strategic process.
Located in East Kalimantan, Indonesia, approximately 160km from the coast, the East Kutai project is ideally positioned as a strategic asset for independent power producers across Asia, particularly in India and China, as these countries expand their generating capacity and need to secure long-term supplies of thermal coal. The project has a 2.73bt JORC resource, of which 961mt has been classified as proven and probable reserves. Churchill has a 75% interest in the project with the Ridlatama Group owning the outstanding 25%.
Paul Mazak, Churchill’s managing director, said: “The completion of the East Kutai Coal Project feasibility study is a significant milestone for Churchill. With the study indicating the project has a pre-tax net present value of US$1.8bn, an internal rate of return of 21% and payback period of seven years, this confirms the project's technical and economic viability. The study demonstrates that the East Kutai Coal Project is a world-class thermal coal deposit which is ideally positioned to supply the growing energy demand from both the Chinese and Indian markets. With the study now completed, we look forward to moving swiftly into the next stage in the ongoing strategic process and bringing this large scale project into development.”
Source: stockopedia
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Friday, 17 September 10
CWP COAL WASHING PLANTS MACHINERY LANDS ON RUSSIAN MARKET!!
Press Release: CWP Coal Washing Plants Machinery Industry & Trade Co. which was founded in 1990, has been operating in Izmir with its closed pro ...
Friday, 17 September 10
FREIGHT RATES TO DECLINE FURTHER - ICICI SEC
Broking firm ICICI Securities said tanker freight rates reported a sharp drop with rates of Suezmax and Aframax carriers declining by 16% to USD 8,6 ...
Friday, 17 September 10
R-POWER, ADANI, GMR TO BID FOR $1-BN MINE
Reliance Power, Adani Power and GMR are in the race for a coal mine asset in Australia. The valuation of the asset is close to $1 billion (Rs 4,600 ...
Thursday, 16 September 10
RPG GROUP BUYS 10% IN AUSSIE COAL FIRM RESOURCE GENERATION
Dealcurry reported that, India's RPG Group's Integrated Coal Mining Limited (ICML) has acquired 10% stake (18,268,053 shares) in Resource Generati ...
Wednesday, 15 September 10
VIETNAM TO IMPORT UP TO 15 MLN TONS COAL/YR BY 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Vietnam will need to import 3 million to 15 million tons of coal a year by 2015, rising to 21 million to 40 million ...
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- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
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