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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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Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman ...
Friday, 27 May 11
LARGER DRY BULK CARRIERS LEAD BDIS RALLY THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Larger dry bulk vessels have kept on leading the market’s rise this week, with the BDI (Baltic Dry Index) rising by a more than healthy 3.43% ...
Wednesday, 25 May 11
70 PERCENT OF HARUMS PRODUCTION SOLD - BISNIS INDONESIA
Coal producer PT Harum Energy Tbk claimed that out of this year's total production target of 10 million tons, 70% or 7 million tons had been sold, ...
Wednesday, 25 May 11
MINERS BACK GOVT PLAN TO FREEZE MINING PERMITS - THE JAKARTA POST
Indonesian coal miners hailed the government’s decision to impose a moratorium on the issuance of new mining permits, saying the freeze would ...
Wednesday, 25 May 11
DRY BULK MARKET ENTERS WEEK ON A HIGH NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has managed to end its downward trend of the past few weeks and surge back on higher ground. Yesterday, the Baltic Dry Index (BD ...
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- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
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- Bulk Trading Sa - Switzerland
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- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
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- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
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- Independent Power Producers Association of India
- Edison Trading Spa - Italy
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- McConnell Dowell - Australia
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- MS Steel International - UAE
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
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- Price Waterhouse Coopers - Russia
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- Latin American Coal - Colombia
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- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- New Zealand Coal & Carbon
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- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
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- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
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- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
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