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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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Tuesday, 12 February 13
GOVERNMENT DECLARED INDONESIAN THERMAL COAL PRICE INCHES UP IN FEBRUARY
COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in February 2013.
The monthly coal refere ...
Monday, 11 February 13
NEWCASTLE PORT SHIPPED 23.01 PERCENT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,967,761 MT of thermal and coking coal for week ended 0700 hours 11 February 2013, Newc ...
Sunday, 10 February 13
INDONESIA SUB-BIT SWAPS: "UP" - CFR SOUTH CHINA SWAPS: "DOWN"
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 0.72 percent W-O-W and CFR South China coal shipme ...
Sunday, 10 February 13
DRY BULK OVERSUPPLY OF TONNAGE SEEN WANING IN THE COMING MONTHS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It seems that the tide could be shifting in the dry bulk market, in terms of tonnage oversupply, according to the latest data figures. This could ex ...
Sunday, 10 February 13
HIGHER BUNKER PRICE PUSHES SEA FREIGHTS FIRM - REDDY
COALspot.com - The freight market was soft and all at same levels with Chinese year holidays next week.
The BDI was slightly down by 0.27 pct ad ...
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- Indika Energy - Indonesia
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- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
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- Mintek Dendrill Indonesia
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- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- The University of Queensland
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- White Energy Company Limited
- Australian Coal Association
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
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- Central Java Power - Indonesia
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
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