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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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Wednesday, 19 August 20
COAL INDIA TRADE UNIONS DEFER DAY-LONG STRIKE: PTI
The unions had decided to go on strike against the commercial mining and the proposed divestment or buyback of shares of Coal India Ltd (CIL).
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Wednesday, 19 August 20
MISC MARKS ITS MAIDEN FORAY INTO MAJOR DEEP-WATER PROJECT IN LATIN AMERICA WITH MERO 3 FPSO
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Wednesday, 19 August 20
MARKET INSIGHT - GEORGE LAIOS | INTERMODAL
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Wednesday, 19 August 20
INDIA SAW A SHARP DECLINE IN ENERGY COAL IMPORTS IN JANUARY - JUNE 2020; –27 PER CENT YOY - BHP
Energy coal prices were weak in the second half of financial year 2020, BHP says in its Economic and Commodity Outlook FY20.
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Wednesday, 19 August 20
COAL PRICES TO REMAIN SUBDUED THIS FISCAL AMID WEAK DEMAND, HIGH INVENTORY - THE HINDU BUSINESS LINE
Coal offtake is improving gradually as lockdown eases
Coal prices are expected to remain subdued to weak demand and high inventory l ...
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- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
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