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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, 13 December 11
CAPESIZES AND PANAMAXES LEAD DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched closer to the 2,000 mark on Monday, with Panamaxes rebounding firmly and leading the gains. As a result, the industry&rsq ...
Monday, 12 December 11
DRY BULK MARKET LOOKING FOR BALANCE AS WE ENTER 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
During the past few months, freight rates for dry bulk carriers, especially Capesizes have increased significantly, providing ship owners with a muc ...
Sunday, 11 December 11
THE PANAMAX INDEX ENDED ON POSITIVE DIRECTION - VISTAAR
COALspot.com - The BDI and Cape index continued the upward trend this week also with BDI up by 3.00 pct closing at 1,922 points and Cape index up by ...
Saturday, 10 December 11
MAHAKAM RIVER RESUMES COAL TRANSPORTATION
COALspot.com - East Kalimantan local government has resumed limited coal barging through Mahakam River after two weeks of suspension following the c ...
Friday, 09 December 11
DRY BULK MARKET REBOUNDS ON HEALTHIER DEMAND OUTLOOK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged forward yesterday, at the highest rate of the past couple of weeks, as a result of stonger iron ore demand, backed by lowe ...
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- Banpu Public Company Limited - Thailand
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- Directorate General of MIneral and Coal - Indonesia
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- Chamber of Mines of South Africa
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- Metalloyd Limited - United Kingdom
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- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
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- Coal and Oil Company - UAE
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- Parliament of New Zealand
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- The University of Queensland
- Economic Council, Georgia
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- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
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- SMC Global Power, Philippines
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- IEA Clean Coal Centre - UK
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- Ambuja Cements Ltd - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
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- Simpson Spence & Young - Indonesia
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- Siam City Cement PLC, Thailand
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- Romanian Commodities Exchange
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- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
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- Wilmar Investment Holdings
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- CNBM International Corporation - China
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- OPG Power Generation Pvt Ltd - India
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- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
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- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
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- Deloitte Consulting - India
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- White Energy Company Limited
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
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