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Wednesday, 20 July 11
CHALLENGER GETS TABANG PROJECT IUP PERMIT
 COALspot.com - Challenger Deep Resources Corporation has been getting exploration permit or Izin Usaha Pertambangan (IUP) for its Tabang coal in East Kalimantan. The IUP permit has been granted for an area 2,960 hectares on Challenger’s 100% owned Tabang project.
Challenger is an exploration company from Canada that focused on the Indonesian coal industry. Challenger’s business plan is to acquire, explore, and to bring its viable coal projects into production. Challenger offices’ is Calgary, Singapore, and Jakarta. This company listed on Toronto Stock Exchange.
“We are, of course, very pleased to receive the IUP Permit for this property,” Ranjeet Sundher, President of Challenger says. “One of our key strengths is our ability to identify, acquire, and manage the regulatory process related to our exploration projects,” he added via press release.
The Tabang Project area covers both the Batuayau and Ujoh Bilang geological formations. The typical coal quality of the Ujoh Bilang and Batuayau formations from producing coal mines in the region is CV 5,500-6,000 kcal/kg (ADB) with coal seam thicknesses varying from 0.5-6 meters.
This permit gives the rights to the holder to carry out full coal exploration activities within the concession area for a period of three years until May 13, 2014, which may be extended if required. This permit also gives the rights to obtain coal exploitation license (IUP Operation-Production) if the prospects proved to be economical for commercial production.
On approval of a mine feasibility study, the Challenger will be able to transition the IUP into the exploitation stage under an IUP Operation-Production, with the right to conduct mining production on this property for 20 years, with the potential for two further ten-year extension periods.
Challenger’s work on the Tabang project to date has confirmed the presence of at least seven flat-dipping seams of CVC (adb) 5,500-6,500 kcal/kg coal. All of the coal seams discovered to date are located on the northern half of the property.
Challenger’s exploration team is currently conducting more extensive surface exploration of the southern half of the property. Challenger’s initial reconnaissance drilling program confirmed coal quality and the coal seam orientation and consistency on the Tabang program with 14 shallow holes (25-50 metres) for a total of 521 metres of drilling.
Challenger has now commenced a more extensive exploration drilling program of the previously discovered multiple coal seams upon the issuance of this IUP. Challenger plans to conduct an environmental assessment and a pre-feasibility study later this year as part of the prerequisites for the application to obtain the IUP Operation-Production (coal mining production) license.
To contact the reporter on this story: Efendi at efendi@coalspot.com
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Thursday, 20 October 11
CAPESIZE - TUBARAO /QINGDAO BEING FIXED AT STRONG US$ 29.75 PMT
Handy
The Atlantic market is quite steady, and market seems to be around the same levels as last week. Fewer fixtures reported though. ...
Thursday, 20 October 11
BRACKEN INTERNATIONAL MINING LISTS ON FRANKFURT STOCK EXCHANGE
Press Release - Bracken International Mining (Code:1BM) listed on the Deutsche Börse’s Frankfurt Stock Exchange today at €1.00 with ...
Thursday, 20 October 11
CAPESIZES, SUPRAMAXES LEAD GAINS FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Struggling to find additional support, but still managing to post gains, the dry bulk market has stabilized itself on higher levels again yesterday, ...
Wednesday, 19 October 11
METALLURGICAL COAL PRICES TO DROP BELOW US$240/TONNE - WOOD MACKENZIE
Wood Mackenzie Says Metallurgical Coal Prices to Drop Below US$240/tonne by Q4 2012 But Long-term Demand Fundamentals Remain Robust
Wood Mackenzi ...
Wednesday, 19 October 11
SUPRAMAX MARKET WAS VERY FIRM LAST WEEK - BRS
With all sectors contributing positively, the BDI ended the week at 2,173 points (+8.6%), its highest level so far in 2011. The BCI stood at 3,587 ( ...
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- Rashtriya Ispat Nigam Limited - India
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- Indian Oil Corporation Limited
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- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
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- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
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- Kaltim Prima Coal - Indonesia
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- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
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- Petron Corporation, Philippines
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- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
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- Wood Mackenzie - Singapore
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- The Treasury - Australian Government
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- Malabar Cements Ltd - India
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- Economic Council, Georgia
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- Parliament of New Zealand
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- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
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- McConnell Dowell - Australia
- SMC Global Power, Philippines
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- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
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- The State Trading Corporation of India Ltd
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- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
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- Central Electricity Authority - India
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- New Zealand Coal & Carbon
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- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
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- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
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- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
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- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
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- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Energy Development Corp, Philippines
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- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Planning Commission, India
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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- Pendopo Energi Batubara - Indonesia
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- Jaiprakash Power Ventures ltd
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- GAC Shipping (India) Pvt Ltd
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- Minerals Council of Australia
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