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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, 05 July 17
TROUBLE SEEMS TO BE LOOMING ONCE MORE IN THE STEEL INDUSTRY - GEORGE LAZARIDIS
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Friday, 30 June 17
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PANAMAX/KAMARMAXES HAD A STRONG WEEK WITH RATES RISING IN MOST AREAS OF THE MARKET - BALTICEXCHANGE
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Friday, 23 June 17
U.S. WEEKLY COAL PRODUCTION TOTALED APPROXIMATELY 15.8 MMST; UP 1.8% W/W
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Showing 2016 to 2020 news of total 6871 |
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- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
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