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Friday, 18 December 09
CHURCHILL MINING COMPLETES FEASIBILITY STUDY FOR EAST KUTAI COAL PROJECT
Churchill Mining Plc has announced the completion of the feasibility study for its flagship project, the 75% held East Kutai coal project in Indonesia, confirming a preferred 20 million tonne per annum production rate. The company anticipates project construction work at EKCP to start in 2010 and take two years to complete.
Churchill Mining Plc's wholly owned subsidiary PT Indonesia Coal Development has been selected as a prospective thermal coal supplier to Indonesia's PT Cirebon Electric Power, which is building a 660 MW power plant in West Java which is due to start operations in 2011.
Churchill has put the project's infrastructure items out to tender and this process is well advanced. To date the bids received have been well below predicted costs due to the resurgence in global manufacturing and engineering capabilities following the global financial downturn.
It anticipates completion of its tender process and final evaluation of the bids by the end of January 2010. It will then be in a position to further inform investors of the expected capital cost and life-of-mine financial returns.
The feasibility study envisages that the EKCP coal will be transported from the mine, ultimately made up of three open pits, using a 160 kilometers overland conveyor system comprising eight flights at a speed of 5 metres per second, powered by a coal-fired plant using EKCP coal.
Churchill is now undertaking final bathymetric and wave, wind and tide studies for the future port facility. Tenders for the port piling and coal loader have been received.
Mr Paul Mazak CEO of Churchill Mining said that "We look forward to announcing the associated results of our economic modeling early next year. Churchill is still evaluating how best to generate value for shareholders. Our options include the sale of the project or company, the development of EKCP with a JV partner or the financing and implementation of the EKCP by Churchill itself. We continue to have discussions with a number of interested parties and the company hopes to be position next year to announce the results from these negotiations."
Source: Steel Guru
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Sunday, 20 December 09
GLOBAL COAL MAJORS MAKE THEIR PRESENTATIONS
Major energy companies from four countries, including the U.S., Indonesia and South Africa, have completed detailed presentations before a committee ...
Saturday, 19 December 09
THE FUTURES FOR 2010 - 2012 FIRMED UP COMPARED TO LAST WEEK AND WAS AT AROUND CAPE US$ 28,000 PER DAY - VISTAAR
COALspot.com (Singapore): The freight market continued to soften this week with major drop in the cape size index by almost 21 pct and Panamax , Sup ...
Friday, 18 December 09
CARGOTEC WINS IBJ'S BEST SHIP LOADING / UNLOADING SYSTEM AWARD WITH SIWERTELL
Cargotec’s Siwertell ship unloader has recently won International Bulk Journal’s best ship loading/unloading system award for 2009; out ...
Friday, 18 December 09
THERMAL COAL PROJECT MOVES AHEAD
A proposal for Australia's largest thermal coal project in Queensland's central west has taken a step forward.
Hancock Prospecting is proposing ...
Friday, 18 December 09
COKING COAL SHORTAGE IN CHINA TO SPUR DEMAND FIGHT WITH JAPAN
China, the world’s largest steelmaker, faces a shortage of coking coal that may drive imports next year and spur a fight for resources with Ja ...
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- Maharashtra Electricity Regulatory Commission - India
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- Port Waratah Coal Services - Australia
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- Metalloyd Limited - United Kingdom
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- Standard Chartered Bank - UAE
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- Africa Commodities Group - South Africa
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- Ministry of Finance - Indonesia
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- SMG Consultants - Indonesia
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- Planning Commission, India
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- Commonwealth Bank - Australia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Merrill Lynch Commodities Europe
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- Straits Asia Resources Limited - Singapore
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- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
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- Orica Australia Pty. Ltd.
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- Eastern Energy - Thailand
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- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
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- Pipit Mutiara Jaya. PT, Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- The University of Queensland
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- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- London Commodity Brokers - England
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- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
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- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
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- Petrochimia International Co. Ltd.- Taiwan
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- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
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- Samtan Co., Ltd - South Korea
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- PowerSource Philippines DevCo
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- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
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- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
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- OPG Power Generation Pvt Ltd - India
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- Singapore Mercantile Exchange
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- Asmin Koalindo Tuhup - Indonesia
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- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
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