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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, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
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- Central Electricity Authority - India
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- Parliament of New Zealand
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- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
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- ICICI Bank Limited - India
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- Chamber of Mines of South Africa
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- The Treasury - Australian Government
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- Malabar Cements Ltd - India
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- Bhatia International Limited - India
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- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
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- Africa Commodities Group - South Africa
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- Bayan Resources Tbk. - Indonesia
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- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
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- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
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- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
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- Billiton Holdings Pty Ltd - Australia
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- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
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- Xindia Steels Limited - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
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- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
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- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
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- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Australian Coal Association
- Energy Link Ltd, New Zealand
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- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Economic Council, Georgia
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- Siam City Cement - Thailand
- Cement Manufacturers Association - India
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- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
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- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
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- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
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