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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, 09 May 11
THAILAND COAL IMPORTS SURGE IN Q1 - ICAP SHIPPING
Thailand's coal imports leapt 20% in Q1 and the country looks set to import its largest ever volume in 2011 as quoted by ICAP Shipping web site.
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Monday, 09 May 11
KOSPO SEEKING 65KT STEAMING COAL
COALspot.com - Korea Southern Power Co (KOSPO) issues tender for 65000 Mt of Steaming Coal Supply with a minimum CV of 4,500 kcal/kg on NAR basis. D ...
Monday, 09 May 11
INDONESIA HBA FALL BELOW $118
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the May 2011 Indonesian Coal Reference Price for thermal coal at US$ 11 ...
Monday, 09 May 11
DIAN SWASTATIKA Q1 PROFIT SOARS 511 PERCENT - INSIDER STORIES
PT Dian Swastatika Sentosa Tbk (DSSA), parent of coal miner PT Golden Energy Mines, reported a 511.73% jump in net profit for the first quarter of t ...
Saturday, 07 May 11
BERAU INKS DEALS WITH CHINESE FIRMS AS COAL WEATHERS COMMODITIES STORM - THE JAKARTA GLOBE
The Jakarta Globe reported that, Berau Coal, one of the country’s largest coal miners, has signed sales contracts with two Chinese companies a ...
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- Electricity Generating Authority of Thailand
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- Formosa Plastics Group - Taiwan
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- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
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- IHS Mccloskey Coal Group - USA
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- Australian Coal Association
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- Interocean Group of Companies - India
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- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
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- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- The University of Queensland
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- Power Finance Corporation Ltd., India
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- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
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- Coal and Oil Company - UAE
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- Wood Mackenzie - Singapore
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- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
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- Energy Link Ltd, New Zealand
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- SMC Global Power, Philippines
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- SMG Consultants - Indonesia
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- Oldendorff Carriers - Singapore
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- Star Paper Mills Limited - India
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- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- The Treasury - Australian Government
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- VISA Power Limited - India
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- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
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- Indian Oil Corporation Limited
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- Sarangani Energy Corporation, Philippines
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- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
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- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
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- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
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- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
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- South Luzon Thermal Energy Corporation
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- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
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- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
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- Economic Council, Georgia
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- Planning Commission, India
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- Bangladesh Power Developement Board
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- Vedanta Resources Plc - India
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- Bharathi Cement Corporation - India
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- Larsen & Toubro Limited - India
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