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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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Sunday, 20 March 11
FREIGHT MARKETS COULD SOFTEN NEXT WEEK DUE TO JAPANESE PORTS CLOSURE AND LIBYAN CRISIS - VISTAAR
COALspot.com - The BDI was down by 1.98 pct (closing at 1531 points) mainly due to Cape index which was down by almost 11 pct and closed 1687 points ...
Friday, 18 March 11
FALL IN INDONESIAN COAL EXPORTS IN FEBRUARY 11
COALspot.com - Indonesian coal exports seen a fall of 10.76% during Feb 2011. The world’s largest coal exporter shipped 22.029 MMts of c ...
Thursday, 17 March 11
THE PACIFIC HANDY MARKET IS CURRENTLY STEADY - FEARNBULK
Handy
The Atlantic market is showing signs of recovery and does not seem to be affected by the Japan disaster. The market is very positional and i ...
Tuesday, 15 March 11
COAL PRODUCTION FORECAST TO SURGE ON RISING PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal production is forecast to increase by 20 percent this year as coal prices continue to ...
Monday, 14 March 11
IRON ORE TRADING WORLD EUROPE 2011
Press Release - Strategy and opportunity for miners, steelmakers, end users and the financial community.
The iron ore spot market is growing at a ...
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- Wood Mackenzie - Singapore
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- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
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- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
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- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
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- Simpson Spence & Young - Indonesia
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- The University of Queensland
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- Indogreen Group - Indonesia
- MS Steel International - UAE
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Romanian Commodities Exchange
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- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
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- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
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- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
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- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
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- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
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- Planning Commission, India
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- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Parliament of New Zealand
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
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- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
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- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
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- Thai Mozambique Logistica
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- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
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- Bangladesh Power Developement Board
- The Treasury - Australian Government
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