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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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Monday, 16 May 11
INDO TAMBANG 1Q SALES REVENUE UP - INSIDER STORIES
Thai Banpu Plc last week reported a 7.83% increase in coal sales revenue from its Indonesian operating unit via PT Indo Tambangraya Megah Tbk (ITMG) ...
Sunday, 15 May 11
THE FREIGHT MARKET REMAINED SOFT - VISTAAR
COALspot.com - "The freight market overall remained soft", said Capt. Reddy, Director of Vistaar Shipping Singapore. He further added, &qu ...
Saturday, 14 May 11
WELSPUN TO ACQUIRE AN INDONESIAN COAL MINE - MEDIA
The India based Welspun Power and Steel Ltd is planning to acquire 456,000 shares in PT Batubara Energy Indonesia, representing 75% interest, accord ...
Saturday, 14 May 11
DRY BULK MARKET ON A DOWNFALL ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what is now pretty clear will be yet another challenging year for dry bulk ship owners, the Baltic Dry Index returned to its usual pattern of dec ...
Tuesday, 10 May 11
DRY BULK MARKET KEEPS ON RISING, OUTLOOK MIXED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched forward once again on Monday, with the Baltic Dry Index rising by 0.6% to 1,348, although the Capesize market was 0.57% l ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Pendopo Energi Batubara - Indonesia
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- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Eastern Energy - Thailand
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- Pipit Mutiara Jaya. PT, Indonesia
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- International Coal Ventures Pvt Ltd - India
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- Indonesian Coal Mining Association
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- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
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- Siam City Cement - Thailand
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- Lanco Infratech Ltd - India
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- Economic Council, Georgia
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- Global Business Power Corporation, Philippines
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- The University of Queensland
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- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
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- Standard Chartered Bank - UAE
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- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- PTC India Limited - India
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
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- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
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- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
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- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
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- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
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- Jindal Steel & Power Ltd - India
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- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
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- CNBM International Corporation - China
- Africa Commodities Group - South Africa
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- Makarim & Taira - Indonesia
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- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
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- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
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- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
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- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
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- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
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- Toyota Tsusho Corporation, Japan
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- Leighton Contractors Pty Ltd - Australia
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- Tata Chemicals Ltd - India
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