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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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Monday, 19 December 11
PLN WILL NO LONGER BUY COAL FROM TRADERS
COALspot.com - Indonesia's state electricity company PT Perusahaan Listrik Negara will no longer allow traders to become their suppliers, said, its ...
Saturday, 17 December 11
THE FREIGHT MARKET SEEMS TO HAVE ALMOST BOTTOMED OUT AND MAY REMAIN STEADY AT THESE LEVELS CAPT REDDY
COALspot.com - The BDI and Cape index closed lower this week with BDI closing at 1,888 points (down by 1.76 pct) and Cape index at 3,572 points (dow ...
Friday, 16 December 11
DRY BULK MARKET LOSES TRACK ON CAPESIZE LOSSES, SHIP FINANCING REMAINS TROUBLESOME - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market didn’t manage to sustain earlier gains, losing track yesterday, on reduced Capesize demand and persisting troubles in smal ...
Thursday, 15 December 11
BERAU SEES INDIA AS POTENTIAL MARKET FOR LOW-CALORIE COAL - THE JAKARTA POST
The Jakarta Post reported that, Publicly listed coal mining company PT Berau Coal Energy (BRAU), the fifth largest coal producer in Indonesia, sees ...
Thursday, 15 December 11
PANAMAX HARDLY AFFECTED BY THE RECENT FIRMER TENDENCY FOR THE BIG SISTERS - FEARNBULK
Handy
The rates are more or less the same as last week. Continent/US Gulf fixing at tick below USD 10k and Gulf/Continent levels at USD 25k. Trips ...
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- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- MS Steel International - UAE
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Planning Commission, India
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Aditya Birla Group - India
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