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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, 15 September 16
INDONESIA MAY FACE A COAL CRISIS BY 2035!
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Thursday, 15 September 16
CAPESIZE: LAST WEEK ENDED ON A VERY STRONG NOTE MAINLY DRIVEN BY A ACTIVE BRAZIL MARKET - FEARNLYS
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Wednesday, 14 September 16
THE PORT OF NEWCASTLE SHIPPED 12.48 MMT OF COAL IN AUGUST; AVERAGE SELLING PRICE WAS $AU 83.33
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Capesize - Big strength seen in the market this week, with an upbeat in sentiment amongst owners helping pull up rates fairly quickly and many hold ...
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- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- White Energy Company Limited
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Parliament of New Zealand
- London Commodity Brokers - England
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
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