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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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Tuesday, 04 January 11
DRY BULK MARKET TO RANGE BETWEEN 1,700 AND 2,600 POINTS IN THE FIRST QUARTER OF 2011, ANALYSTS SAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As we entered 2011, ship owners and analysts, as well as shipbrokers are looking into their “crystal balls” to try to decode the dry bul ...
Monday, 03 January 11
TAXATION FOR COAL MINING COMPANIES IN INDONESIA - A TAX EXPERTS VIEW
COALspot.com - Mrs. Sri Wahyuni Sujono, managing partner of SF Consulting has wrote an exclusive report regarding taxation for coal mining companies ...
Sunday, 02 January 11
JAISWAL TO SEEK COAL MINES IN AFRICA - HINDUSTAN TIMES
Coal Minister Sriprakash Jaiswal will talk with his counterparts in South Africa and Mozambique during his visit from January 5 to secure coal asset ...
Saturday, 01 January 11
COAL PRODUCTION EXPECTED TO EXCEED 340 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce 340 million tons of coal in 2011, an increase of 23 percent from 275 millio ...
Friday, 31 December 10
STC TO FINALIZE 12 MILLION MT OF COAL IMPORT CONTRACT TO TWO INDIAN AND A DUBAI BASED COAL TRADER - SOURCES
COALspot.com - World's single largest coal import tender floated by STC on behalf of state utility NTPC to finalize its suppliers or already finali ...
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- Ambuja Cements Ltd - India
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- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
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- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
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- Ministry of Mines - Canada
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- Baramulti Group, Indonesia
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- Edison Trading Spa - Italy
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- Heidelberg Cement - Germany
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- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Sojitz Corporation - Japan
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- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
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- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
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- Wood Mackenzie - Singapore
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- Power Finance Corporation Ltd., India
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- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
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- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
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- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
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- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
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- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
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- Star Paper Mills Limited - India
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- Siam City Cement - Thailand
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- Energy Development Corp, Philippines
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- Planning Commission, India
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- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
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- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
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- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
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