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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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Saturday, 27 June 09
HEAVY CONGESTION AT AUSTRALIAN PORTS REACHING ALL TIME HIGH TO 120 SHIPS IN EAST COAST AUSTRALIA - VISTAAR SHIPPING
COALspot.com (Singapore): The market this week was a bit soft and the BDI was down by almost 10 pct and closed at 3,703 points.
The drop in BDI i ...
Friday, 26 June 09
INDONESIA INVESTORS EYE BHP BILLITON COAL PROJECT
About four Indonesian investors are interested in taking over a coal project owned by BHP Billiton Ltd, a senior government mining official said.
...
Friday, 26 June 09
SOUTH AFRICA'S CONSULTING GROUP OPENS OFFICES IN CHINA, INDONESIA
Consulting engineering company SRK Consulting has opened new offices in Asia to cope with the growing demand for its services in the region.
The ...
Friday, 26 June 09
RUSSIA MECHEL TO DELIVER 2 MLN T COKING COAL TO ASIA
Russian steel and coal producer Mechel said on Thursday it had signed contracts to deliver about 2 million tonnes of coking coal concentrate to unna ...
Friday, 26 June 09
SA COAL EXPORTS UNLIKELY TO BREACH 65MT THIS YEAR
Coal volumes railed to South Africa’s Richards Bay Coal Terminal (RBCT) during the rain-affected first quarter of 2009 had fallen well short o ...
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- Chettinad Cement Corporation Ltd - India
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- Commonwealth Bank - Australia
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- India Bulls Power Limited - India
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- Minerals Council of Australia
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- Wood Mackenzie - Singapore
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- The University of Queensland
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- Aboitiz Power Corporation - Philippines
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- Simpson Spence & Young - Indonesia
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- SMG Consultants - Indonesia
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- Ministry of Finance - Indonesia
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- Renaissance Capital - South Africa
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- Australian Commodity Traders Exchange
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- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
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- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
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- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
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- Economic Council, Georgia
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- Baramulti Group, Indonesia
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- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
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- Billiton Holdings Pty Ltd - Australia
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- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
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- Australian Coal Association
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
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- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
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- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
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- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
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- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
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- Banpu Public Company Limited - Thailand
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