We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 30 March 11
CHALLENGER SIGNS OPTION AGREEMENTS TO PURCHASE FOUR COAL PROJECTS IN INDONESIA
 Challenger Signs Three Exclusive Option Agreements to Purchase Four Coal Projects in East Kalimantan, Indonesia
Challenger Deep Resources Corp.has announced that it has, through its wholly-owned subsidiary, PT Bestindo Energy, (“Bestindo”) entered into three separate Memorandums of Understanding ("MOU’s") which give Bestindo the exclusive right, for a period of thirty days, to purchase the shares of three separate private Indonesian companies which hold various coal rights related to four separate coal projects, according to news that posted in its web site.
Each of the coal projects is 100% owned by the respective private company and all of the projects are located in the Regency of Kutai, East Kalimantan. Each of the MOU’s provide for the subsequent execution of a Conditional Share Purchase Agreement (“CSPA”), which provides for staged payments of the purchase price over a period of four months in respect of one MOU and over a period of 24 months for the other two MOU’s.
Arni Bersaudara Coal Project
Pt Arni Bersaudara (“Arni”) is the holder of two contiguous IUP Exploration permits covering 3,039 and 2,874 hectares in the District of Muara Kaman. The IUP’s are approximately 40km north of the Mahakam River The Arni MOU provides that, if Challenger elects to enter into a CSPA, it can acquire 100% of Arni for payments totaling $2,414,181 CAD. Terms of the payment include $84,215 CAD upon signing, $308,790 CAD within 6 months of signing the CSPA and the balance of $2,021,176 CAD after all the essential permits to bring the project into production are in place, or a maximum of 24 months from initial CSPA signing.
The target calorific value of coal is in this concession is around GCV 6,300 – 7,000 and 5,600 – 6,000 respectively.
Apriadi Bersaudara Coal Projects
Pt Apriadi Bersaudara (“Apriadi”) is holder of a KP PU (Mining Authorization for General Survey) covering an area of 930 hectares, which is currently being converted to IUP Exploration in the District of Samboja (AP1) and a SKIP (Exploration Permit Application) covering an area of 3,086 hectares in the District of Muara Kaman (AP2). The AP1 project is 10km from the coast and close to an independent haul road and port loading facilities which are under construction. The AP2 project is approximately 45km north of the Mahakam River and in close proximity to the Arni Bersaudara projects. The Apriadi MOU provides that, if Challenger elects to enter into a CSPA, it can acquire 100% of Apriadi for payments totalling $2,077,318 CAD. Terms of the payment include $56,143 CAD upon signing of the CSPA , $112,287 CAD upon receiving IUP exploration permits for both projects, $224,575 CAD within 12 months of CSPA and the balance of $1,684,313 CAD due on the 24 month anniversary of the CSPA signing.
The target calorific value of coal ranging from 5000 GAD to 7000.
Putri Etam Coal Project
CV Putri Etam (“Putri”) is a private Indonesian company which is in the process of applying for an IUP Exploration and has successfully secured a Local Announcement letter from authorities. The application covers 100 hectares and is located in the Muara Badak district. The Putri MOU provides that, if Challenger elects to enter into a CSPA, it can acquire 100% of Putri for payments totaling $84,215 CAD. Terms of the payment include $28,071 CAD upon signing and $56,144 CAD upon completion of the deed of shares transfer.
An additional agreement also provides that a royalty of US$4.50 be paid to the former Putri shareholders for every ton of coal produced and sold.
The target calorific value of coal in this concession is ranging from 5,600 – 7,000.
The press report says, a program of due diligence on all of the projects is to commence as soon as possible to verify the data provided and to confirm Challenger’s exploration target parameters.
Challenger’s execution of the CSPA’s to acquire these projects will depend upon the results of the initial due diligence program in respect of each. A more detailed technical description of the properties will be made available if and when a CSPA is signed.
“The signing of these latest MOU’s, reflects the culmination of many months of excellent work by our acquisition team”, stated Ranjeet Sundher, President of Challenger, as quoted in press release.
“We are very pleased with the execution to date of our plan to assemble and advance a strong portfolio of coal exploration and development projects in East Kalimantan. Our team remains focused on the exploration of our current projects and the acquisition of new projects.”
Visit Challender Deep website for more details.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 04 November 10
GVK TALKS WITH MEC FOR INDONESIAN MINES DEAL - DNA INDIA
As reported by DNA India, GVK Power and Infrastructure on Wednesday said it is in talks with Gulf-based MEC Coal to buy its coal mines in Indonesia, ...
Wednesday, 03 November 10
PANAMAX SIZE DRY-BULK CARRIER MARKET IS STRONG - GERSON LEHRMAN
Panamax class vessels have been part of the fluctuation of the broader current dry bulk market. They have experienced occasional steep movements, du ...
Tuesday, 02 November 10
ADDED VALUE REMAINS STAGNANT - MAJALAH TAMBANG
The improvement of added value of mining products in accordance with mandate of the mining law has not been visible. Minerals and coal are still exp ...
Saturday, 30 October 10
THE SUPRAMAX FREIGHT MARKET THIS WEEK REMAINED ALMOST AT LAST WEEK LEVELS - VISTAAR SINGAPORE
COALspot.com: The freight market this week remained almost at same levels except for Panamax index which was up by 191 points.
The feast/SE Asia ...
Friday, 29 October 10
CAPE MARKET STARTED TO BREAK THOUGH THE UPWARDS RESISTANCE LEVEL OF USD 40K DAILY FOR SPOT CARGOS - FEARNLEYS
HANDY
The Atlantic markets remain flat and lackluster. The expectations that the grain ...
|
|
|
Showing 5541 to 5545 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
|
| |
| |
|
