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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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Monday, 20 June 16
CS COAL INDICES CONTINUE UPWARD TREND SINCE END APRIL
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THE BDI HAS FELL 23 POINTS WEEK OVER WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities declined this past week. The BDI was fell 3.77 percent fr ...
Friday, 17 June 16
CHINA'S NEW POLICY TO REDUCE WASTE IN RENEWABLE ENERGY - FITCH
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Friday, 17 June 16
KOMIPO INVITES BIDS FOR BITUMINOUS COAL FOR BORYEONG POWER PLANT
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Friday, 17 June 16
U.S WEEKLY COAL PRODUCTION UP 7.7% - EIA
COALspot.com – U.S., the world’s one of the largest coal producer has produced approximately totalled an estimated 12.9 million short t ...
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- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- The University of Queensland
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Australian Coal Association
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
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