We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 18 October 15
THE BDI AND OTHER INDICES CLOSED OFF ON NEGATIVE NOTE THIS FRIDAY
COALspot.com: The BDI closed off on negative note this Friday compared to previous Friday's closing.
The BDI closed this Friday (16 Octobe ...
Friday, 16 October 15
MAJOR REVISION OF NYPE TIME CHAPTER PARTY - BIMCO
Major revision of NYPE time charter party promises to be both balanced and comprehensive
BIMCO has today jointly issued the first revision of ...
Friday, 16 October 15
FOB INDONESIA COAL SWAP FOR Q4'15 DELIVERY FLAT WEEK OVER WEEK; DOWN 5.5 PER CENT M-M
COALspot.com: Indonesian coal swap for delivery Q4 2015 declined month on month and flat week over week.
The Q4 swap declined $ 2.23 (-5.51%) ...
Friday, 16 October 15
COAL PRODUCTION IN THE UNITED STATES DECREASED THIS WEEK; DOWN 11.3 PER CENT Y-Y, DOWN 3.5 PERCENT W-W
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.1 million shor ...
Friday, 16 October 15
INDONESIA REJOINING OPEC DESPITE BEING A NET IMPORTER OF PETROLEUM - EIA
The Organization of the Petroleum Exporting Countries (OPEC) notified Indonesia that it plans to accept the country's request to reactivate its ...
|
|
|
Showing 2766 to 2770 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Planning Commission, India
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- The University of Queensland
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
|
| |
| |
|
