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Tuesday, 05 February 13
CHALLENGER DEEP RESOURCES CORP HAS ENTERED INTO AN EXCLUSIVE MINING AND MARKETING AGREEMENT WITH KEM
COALspot.com - Challenger Deep Resources Corp., through its wholly owned subsidiary, PT Bestindo Energy, has entered into an Exclusivity Agreement relating to the right to mine and market coal from the KEM coal project in Central Kalimantan, Indonesia.
According to company’s press release, the Exclusivity Agreement with CV Kara Elmas Madenleri ("KEM") gives Challenger the exclusive right, for a period of sixty days, to conduct due diligence on the KEM coal project and to enter into a Mining Operation - Production Agreement for the project. Once Challenger Deep Resources Corp entered in to the Mining Operation - Production Agreement, then it will be benefited of full control of all coal production and marketing within the KEM project area.
KEM owns 100% of the KEM Coal Project in the Murah Teweh district of Central Kalimantan. The KEM Project is located just 12 kilometers east of the Barito River, the main river which transport coal to nearest anchorage position in South Kalimantan.
The KEM Project covers 335ha with an IUP OP license in place. KEM is a multi-seam high-quality thermal coal project with existing infrastructure in place to enable an early start to production. Infrastructure in place includes a 12km haul road and loading jetty, the report further said.
"This is a very important development for Challenger", states Ranjeet Sunder, President and CEO of Challenger. "The KEM Project gives us the potential to generate near-term cash flow which will provide funding for our Tabang Project development and will enable us to capitalize on other high-quality opportunities, while minimizing dilution to our shareholders during these difficult capital markets. We view this project as having very low risk and relatively low capital requirements which are both key elements in our Indonesian coal strategy", the press release says.
About Challenger
Challenger Deep Resources Corp. is an exploration company focused on the Asian coal industry. Challenger's business plan is to acquire, explore and to bring its viable coal projects into production. Challenger has an experienced Indonesian exploration and mining team with offices in Calgary, Singapore and Jakarta.
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Friday, 08 March 13
DRY BULK MARKET ON A RISING TREND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its rising pattern set after China opened up again for business, following the Asian New Year Holidays. As a resul ...
Thursday, 07 March 13
PANAMAX : POSITIVE TREND; CAPESIZE : GRADUALLY SLIDE - FEARNLEYS AS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 22k and Black sea-feast was at USD 12k. The ...
Tuesday, 05 March 13
NEWCASTLE PORT SHIPPED 20.77 PERCENT MORE COAL W/E 4 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2,631,562 MT of thermal and coking coal for a week ended 0700 hours 4 March 2013, Newcas ...
Sunday, 03 March 13
INDONESIAN THERMAL COAL SWAPS; CHINA CONTRACTS FALL W-O-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 0.75 percent and CFR South China coal shipment&nbs ...
Sunday, 03 March 13
FREIGHT MARKET FROM INDONESIA EXPECTED TO BE FIRM - VISTAAR
COALspot.com – The freight market has been fairly firm this week except for cape size index.
The BDI was up by 4.64 points closing at 776 p ...
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- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- The University of Queensland
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Planning Commission, India
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
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