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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, 24 February 11
SUPRAS ARE FIXED AT CLOSE TO 10K FOR TRIPS VIA INDONESIA TO INDIA WITH COAL - FEARNBULK
Handy
After a short lived surge in rates the Atlantic market has flattened out due to too many spot vessels. The USGulf has cooled down somewhat f ...
Wednesday, 23 February 11
LIMITED AVAILABILITY OF COAL COULD TRIP MEGA POWER PLANT - THE ECONOMIC TIMES
The Economic Times, an Indian leading news paper reported that, an acute shortage of domestic coal is threatening to destabilize new power generatio ...
Wednesday, 23 February 11
DRY BULK MARKET BACK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The two week rise of dry bulk freight rates seems to have come to a halt this week, with the industry’s benchmark, the Baltic Dry Index (BDI) lo ...
Wednesday, 23 February 11
INDONESIA NEEDS TO REVISE EXPORT BAN ON 5600 GAD COAL EXPORT - INDUSTRY
COALspot.com - The Indonesian government may be forced to revise its 2014 timeline for the proposed ban on all low quality coal exports, Patrick Han ...
Tuesday, 22 February 11
SUPRAMAX MARKET IS IMPROVING IN THE PACIFIC
BRS - A 10% rise in the BDI this week, mostly on the back of Panamax rates and improvements in the Supramax market in the Pacific. For the Capes, ra ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
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- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
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- Electricity Authority, New Zealand
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- Singapore Mercantile Exchange
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- Latin American Coal - Colombia
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- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
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- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
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- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
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- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
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- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
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- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
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- White Energy Company Limited
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- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
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- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
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- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
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- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
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- Intertek Mineral Services - Indonesia
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- AsiaOL BioFuels Corp., Philippines
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- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
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- PTC India Limited - India
- Indonesian Coal Mining Association
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- Parliament of New Zealand
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- Simpson Spence & Young - Indonesia
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- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- The University of Queensland
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- Goldman Sachs - Singapore
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- McConnell Dowell - Australia
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- International Coal Ventures Pvt Ltd - India
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- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
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- Orica Mining Services - Indonesia
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- Eastern Coal Council - USA
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- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
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- Eastern Energy - Thailand
- Planning Commission, India
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
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- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
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- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
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