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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.
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Thursday, 07 January 21
FITCH FORECASTS DOUBLING IN ASIAN WIND, SOLAR CAPACITY BY 2029, TOPPING 1,500GW
Despite some near-term delays due to the Covid-19 pandemic, solar power and offshore wind will drive steep growth in non-hydro renewables in Asia, ...
Wednesday, 06 January 21
INDONESIA EXCEEDS COAL PRODUCTION TARGET IN 2020
Indonesian coal production reached 557.54 Million Tons in 2020 1.37% higher than of last year’s total target of 550.00 Million Tons, accordin ...
Wednesday, 06 January 21
CHINESE CITIES REPORTEDLY GO DARK AS COUNTRY FACES SHORTAGE OF COAL, A MAJOR AUSTRALIAN EXPORT - CNBC
Several major Chinese cities have reportedly gone dark as authorities limit power usage, citing a shortage of coal.
Analysts said pr ...
Tuesday, 05 January 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP - XINHUA
China Taiyuan coal transaction price index stood at 136 points Monday, up 0.91 percent week on week.
The index, released by China Ta ...
Tuesday, 05 January 21
THE INDONESIA COAL PRICE REFERENCE SOARS TO HIGHEST ONE-MONTH INCREASE SINCE DECEMBER 2016
COALspot.com: The Indonesia coal price reference for January 2021 settles above $75 for the first time since July 2019 and to highest one-month inc ...
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- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- White Energy Company Limited
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- SMG Consultants - Indonesia
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