Eid Mubarak
  • MAY 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 89.74 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Wednesday, 30 March 11
CHALLENGER SIGNS OPTION AGREEMENTS TO PURCHASE FOUR COAL PROJECTS IN INDONESIA


Challenger Signs Three Exclusive Option Agreements to Purchase Four Coal Projects in East Kalimantan, Indonesia

Challenger Deep Resources Corp.has announced that it has, through its wholly-owned subsidiary, PT Bestindo Energy, (“Bestindo”) entered into three separate Memorandums of Understanding ("MOU’s") which give Bestindo the exclusive right, for a period of thirty days, to purchase the shares of three separate private Indonesian companies which hold various coal rights related to four separate coal projects, according to news that posted in its web site.

Each of the coal projects is 100% owned by the respective private company and all of the projects are located in the Regency of Kutai, East Kalimantan.  Each of the MOU’s provide for the subsequent execution of a Conditional Share Purchase Agreement (“CSPA”), which provides for staged payments of the purchase price over a period of four months in respect of one MOU and over a period of 24 months for the other two MOU’s.

Arni Bersaudara Coal Project
Pt Arni Bersaudara (“Arni”) is the holder of two contiguous IUP Exploration permits covering 3,039 and 2,874 hectares in the District of Muara Kaman. The IUP’s are approximately 40km north of the Mahakam River  The Arni MOU provides that, if Challenger elects to enter into a CSPA, it can acquire 100% of Arni for payments totaling $2,414,181 CAD.  Terms of the payment include $84,215 CAD upon signing, $308,790 CAD within 6 months of signing the CSPA and the balance of $2,021,176 CAD after all the essential permits to bring the project into production are in place, or a maximum of 24 months from initial CSPA signing.  

The target calorific value of coal is in this concession is around GCV 6,300 – 7,000 and 5,600 – 6,000 respectively.

Apriadi Bersaudara Coal Projects
Pt Apriadi Bersaudara (“Apriadi”) is holder of a KP PU (Mining Authorization for General Survey) covering an area of 930 hectares, which is currently being converted to IUP Exploration in the District of Samboja (AP1) and a SKIP (Exploration Permit Application) covering an area of 3,086 hectares in the District of Muara Kaman (AP2).  The AP1 project is 10km from the coast and close to an independent haul road and port loading facilities which are under construction.  The AP2 project is approximately 45km north of the Mahakam River and in close proximity to the Arni Bersaudara projects.  The Apriadi MOU provides that, if Challenger elects to enter into a CSPA, it can acquire 100% of Apriadi for payments totalling $2,077,318 CAD. Terms of the payment include $56,143 CAD upon signing of the CSPA , $112,287 CAD upon receiving IUP exploration permits for both projects,   $224,575 CAD within 12 months of CSPA and the balance of $1,684,313 CAD due on the 24 month anniversary of the CSPA signing. 

The target calorific value of coal ranging from 5000 GAD to 7000.

Putri Etam Coal Project
CV Putri Etam (“Putri”) is a private Indonesian company which is in the process of applying for an IUP Exploration and has successfully secured a Local Announcement letter from authorities. The application covers 100 hectares and is located in the Muara Badak district.   The Putri MOU provides that, if Challenger elects to enter into a CSPA, it can acquire 100% of Putri for payments totaling $84,215 CAD. Terms of the payment include $28,071 CAD upon signing and $56,144 CAD upon completion of the deed of shares transfer. 

An additional agreement also provides that a royalty of US$4.50 be paid to the former Putri shareholders for every ton of coal produced and sold. 

The target calorific value of coal in this concession is ranging from 5,600 –  7,000.

The press report says, a program of due diligence on all of the projects is to commence as soon as possible to verify the data provided and to confirm Challenger’s exploration target parameters. 

Challenger’s execution of the CSPA’s to acquire these projects will depend upon the results of the initial due diligence program in respect of each.  A more detailed technical description of the properties will be made available if and when a CSPA is signed. 

“The signing of these latest MOU’s, reflects the culmination of many months of excellent work by our acquisition team”, stated Ranjeet Sundher, President of Challenger, as quoted in press release. 

“We are very pleased with the execution to date of our plan to assemble and advance a strong portfolio of coal exploration and development projects in East Kalimantan. Our team remains focused on the exploration of our current projects and the acquisition of new projects.” 

Visit
Challender Deep website for more details.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Monday, 29 June 20
CHINA COAL IMPORT OUTLOOK: MANY MOVING PARTS, FORECAST TO FALL 10% YOY - GHEE PEH | IEEFA
China’s coal demand declined in the first quarter of 2020. According to the China National Coal Association, the country consumed 870mt in th ...


Monday, 29 June 20
ULTRAMAX: A 58,000 FIXING DELIVERY SINGAPORE TRIP, VIA EAST COAST INDIA, REDELIVERY CHINA IN THE LOW $12,000S - BALTIC BRIEFING
Capesize As the halfway mark of 2020 arrives, the capesize market is making new highs for the year. From persistent lows earlier caused by a ba ...


Saturday, 27 June 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.   The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...


Friday, 26 June 20
WHAT TODAY'S BAILOUTS CAN DO FOR TOMORROW'S ECONOMIES - WORLD ECONOMIC FORUM
The COVID-19 crisis provides an opportunity for governments to build fairer, more sustainable and more resilient economies. Governments a ...


Thursday, 25 June 20
ALL YOU WANT TO KNOW ABOUT COAL MINE AUCTIONS - THE HINDU BUSINESS LINE
Last week, Prime Minister Narendra Modi threw open the auction of 41 coal blocks for commercial mining. The decision, which was part of the announc ...


   61 62 63 64 65   
Showing 311 to 315 news of total 6289
News by Category
Popular News
 
Total Members : 27,417
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • MEC Coal - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Grasim Industreis Ltd - India
  • Miang Besar Coal Terminal - Indonesia
  • PetroVietnam
  • McKinsey & Co - India
  • Makarim & Taira - Indonesia
  • Mercator Lines Limited - India
  • Geoservices-GeoAssay Lab
  • GMR Energy Limited - India
  • Timah Investasi Mineral - Indoneisa
  • PetroVietnam Power Coal Import and Supply Company
  • Core Mineral Indonesia
  • Panama Canal Authority
  • Bhoruka Overseas - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Aditya Birla Group - India
  • Agrawal Coal Company - India
  • Fearnleys - India
  • Sakthi Sugars Limited - India
  • ACC Limited - India
  • Moodys - Singapore
  • Australian Coal Association
  • Commonwealth Bank - Australia
  • Petrochimia International Co. Ltd.- Taiwan
  • Qatrana Cement - Jordan
  • Coal and Oil Company - UAE
  • CoalTek, United States
  • Altura Mining Limited, Indonesia
  • CCIC - Indonesia
  • MS Steel International - UAE
  • Mitra SK Pvt Ltd - India
  • Pinang Coal Indonesia
  • PLN Batubara - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Global Coal Blending Company Limited - Australia
  • Leighton Contractors Pty Ltd - Australia
  • Cebu Energy, Philippines
  • Energy Development Corp, Philippines
  • Lafarge - France
  • Toyota Tsusho Corporation, Japan
  • Videocon Industries ltd - India
  • BRS Brokers - Singapore
  • Heidelberg Cement - Germany
  • Inco-Indonesia
  • Infraline Energy - India
  • The India Cements Ltd
  • Central Electricity Authority - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Independent Power Producers Association of India
  • BNP Paribas - Singapore
  • IHS Mccloskey Coal Group - USA
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Straits Asia Resources Limited - Singapore
  • bp singapore
  • Parliament of New Zealand
  • Jorong Barutama Greston.PT - Indonesia
  • Cardiff University - UK
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Alfred C Toepfer International GmbH - Germany
  • Rudhra Energy - India
  • Neyveli Lignite Corporation Ltd, - India
  • Glencore India Pvt. Ltd
  • Global Business Power Corporation, Philippines
  • IEA Clean Coal Centre - UK
  • ICICI Bank Limited - India
  • Gujarat Sidhee Cement - India
  • Price Waterhouse Coopers - Russia
  • Gupta Coal India Ltd
  • Samsung - South Korea
  • Xstrata Coal
  • Coal Orbis AG
  • Adani Power Ltd - India
  • Romanian Commodities Exchange
  • Tata Chemicals Ltd - India
  • Interocean Group of Companies - India
  • Freeport Indonesia
  • Kobexindo Tractors - Indoneisa
  • VISA Power Limited - India
  • Indonesia Power. PT
  • Medco Energi Mining Internasional
  • CNBM International Corporation - China
  • Parry Sugars Refinery, India
  • Indorama - Singapore
  • Binh Thuan Hamico - Vietnam
  • Renaissance Capital - South Africa
  • Samtan Co., Ltd - South Korea
  • Argus Media - Singapore
  • RBS Sempra - UK
  • Merrill Lynch Bank
  • Simpson Spence & Young - Indonesia
  • Bank of America
  • GAC Shipping (India) Pvt Ltd
  • Maharashtra Electricity Regulatory Commission - India
  • Salva Resources Pvt Ltd - India
  • Gujarat Mineral Development Corp Ltd - India
  • EMO - The Netherlands
  • Noble Europe Ltd - UK
  • Madhucon Powers Ltd - India
  • Sarangani Energy Corporation, Philippines
  • Vitol - Bahrain
  • Lanco Infratech Ltd - India
  • Bhushan Steel Limited - India
  • Indika Energy - Indonesia
  • KEPCO - South Korea
  • The University of Queensland
  • Maersk Broker
  • Mitsui
  • Reliance Power - India
  • Trasteel International SA, Italy
  • Shree Cement - India
  • Thiess Contractors Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Tamil Nadu electricity Board
  • McConnell Dowell - Australia
  • SMG Consultants - Indonesia
  • Merrill Lynch Commodities Europe
  • Mechel - Russia
  • Bukit Makmur.PT - Indonesia
  • Riau Bara Harum - Indonesia
  • Bulk Trading Sa - Switzerland
  • Kepco SPC Power Corporation, Philippines
  • Sical Logistics Limited - India
  • New Zealand Coal & Carbon
  • TNB Fuel Sdn Bhd - Malaysia
  • The Treasury - Australian Government
  • Indogreen Group - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Vijayanagar Sugar Pvt Ltd - India
  • NTPC Limited - India
  • Billiton Holdings Pty Ltd - Australia
  • PowerSource Philippines DevCo
  • Holcim Trading Pte Ltd - Singapore
  • Cement Manufacturers Association - India
  • GNFC Limited - India
  • GHCL Limited - India
  • Jindal Steel & Power Ltd - India
  • Runge Indonesia
  • U S Energy Resources
  • Kapuas Tunggal Persada - Indonesia
  • TGV SRAAC LIMITED, India
  • Kaltim Prima Coal - Indonesia
  • CIMB Investment Bank - Malaysia
  • PNOC Exploration Corporation - Philippines
  • Australian Commodity Traders Exchange
  • Semirara Mining Corp, Philippines
  • Wilmar Investment Holdings
  • PTC India Limited - India
  • Russian Coal LLC
  • Siam City Cement PLC, Thailand
  • Mjunction Services Limited - India
  • Thai Mozambique Logistica
  • Electricity Authority, New Zealand
  • Edison Trading Spa - Italy
  • Ministry of Transport, Egypt
  • GVK Power & Infra Limited - India
  • SRK Consulting
  • Karbindo Abesyapradhi - Indoneisa
  • IBC Asia (S) Pte Ltd
  • Gujarat Electricity Regulatory Commission - India
  • APGENCO India
  • Bharathi Cement Corporation - India
  • Japan Coal Energy Center
  • Kohat Cement Company Ltd. - Pakistan
  • Asian Development Bank
  • KOWEPO - South Korea
  • Krishnapatnam Port Company Ltd. - India
  • Siam City Cement - Thailand
  • Deloitte Consulting - India
  • Bangkok Bank PCL
  • Therma Luzon, Inc, Philippines
  • Coeclerici Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Inspectorate - India
  • Thermax Limited - India
  • Global Green Power PLC Corporation, Philippines
  • Minerals Council of Australia
  • Africa Commodities Group - South Africa
  • Coalindo Energy - Indonesia
  • Deutsche Bank - India
  • Eastern Energy - Thailand
  • Ind-Barath Power Infra Limited - India
  • Maybank - Singapore
  • Berau Coal - Indonesia
  • Vedanta Resources Plc - India
  • Economic Council, Georgia
  • Cemex - Philippines
  • Mercuria Energy - Indonesia
  • Indian Energy Exchange, India
  • Kalimantan Lumbung Energi - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Sree Jayajothi Cements Limited - India
  • South Luzon Thermal Energy Corporation
  • TNPL - India
  • Electricity Generating Authority of Thailand
  • Essar Steel Hazira Ltd - India
  • Total Coal South Africa
  • Petron Corporation, Philippines
  • Tata Power - India
  • London Commodity Brokers - England
  • Meralco Power Generation, Philippines
  • Indian Oil Corporation Limited
  • Gresik Semen - Indonesia
  • Vale Mozambique
  • HSBC - Hong Kong
  • Oldendorff Carriers - Singapore
  • Iligan Light & Power Inc, Philippines
  • SASOL - South Africa
  • Ernst & Young Pvt. Ltd.
  • Singapore Mercantile Exchange
  • Carbofer General Trading SA - India
  • Jatenergy - Australia
  • ANZ Bank - Australia
  • EIA - United States
  • Manunggal Multi Energi - Indonesia
  • J M Baxi & Co - India
  • Credit Suisse - India
  • Marubeni Corporation - India
  • Cosco
  • GB Group - China
  • Surastha Cement
  • Ministry of Finance - Indonesia
  • Humpuss - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Attock Cement Pakistan Limited
  • White Energy Company Limited
  • Goldman Sachs - Singapore
  • Thomson Reuters GRC
  • Georgia Ports Authority, United States
  • Standard Chartered Bank - UAE
  • Thailand Anthracite
  • Xindia Steels Limited - India
  • Ministry of Mines - Canada
  • Sinarmas Energy and Mining - Indonesia
  • Savvy Resources Ltd - HongKong
  • Directorate Of Revenue Intelligence - India
  • Bhatia International Limited - India
  • Chamber of Mines of South Africa
  • Thriveni
  • Clarksons - UK
  • Meenaskhi Energy Private Limited - India
  • Orica Mining Services - Indonesia
  • NALCO India
  • Ceylon Electricity Board - Sri Lanka
  • Sucofindo - Indonesia
  • JPMorgan - India
  • Indonesian Coal Mining Association
  • Ince & co LLP
  • Coastal Gujarat Power Limited - India
  • Peabody Energy - USA
  • Latin American Coal - Colombia
  • Karaikal Port Pvt Ltd - India
  • Vizag Seaport Private Limited - India
  • Sojitz Corporation - Japan
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Planning Commission, India
  • Kobe Steel Ltd - Japan
  • Uttam Galva Steels Limited - India
  • TRAFIGURA, South Korea
  • ING Bank NV - Singapore
  • Coaltrans Conferences
  • Pendopo Energi Batubara - Indonesia
  • Coal India Limited
  • Idemitsu - Japan
  • Shenhua Group - China
  • Pipit Mutiara Jaya. PT, Indonesia
  • Mitsubishi Corporation
  • Antam Resourcindo - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Barasentosa Lestari - Indonesia
  • Power Finance Corporation Ltd., India
  • Bangladesh Power Developement Board
  • The State Trading Corporation of India Ltd
  • Asia Cement - Taiwan
  • SN Aboitiz Power Inc, Philippines
  • SMC Global Power, Philippines
  • Maruti Cements - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Wood Mackenzie - Singapore
  • Energy Link Ltd, New Zealand
  • IOL Indonesia
  • Rio Tinto Coal - Australia
  • ETA - Dubai
  • Sindya Power Generating Company Private Ltd
  • Malabar Cements Ltd - India
  • AsiaOL BioFuels Corp., Philippines
  • Metalloyd Limited - United Kingdom
  • Intertek Mineral Services - Indonesia
  • Jaiprakash Power Ventures ltd
  • Cargill India Pvt Ltd
  • Permata Bank - Indonesia
  • World Coal - UK
  • Bank of China, Malaysia
  • Aboitiz Power Corporation - Philippines
  • Arch Coal - USA
  • Barclays Capital - USA
  • Platts
  • KPCL - India
  • Kideco Jaya Agung - Indonesia
  • India Bulls Power Limited - India
  • Port Waratah Coal Services - Australia
  • Platou - Singapore
  • Petrosea - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • TeaM Sual Corporation - Philippines
  • Central Java Power - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Orica Australia Pty. Ltd.
  • UOB Asia (HK) Ltd
  • Asmin Koalindo Tuhup - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Enel Italy
  • DBS Bank - Singapore
  • OPG Power Generation Pvt Ltd - India
  • Tanito Harum - Indonesia
  • TANGEDCO India
  • OCBC - Singapore
  • Borneo Indobara - Indonesia
  • CESC Limited - India
  • Indian School of Mines
  • JPower - Japan
  • ASAPP Information Group - India
  • Arutmin Indonesia
  • Formosa Plastics Group - Taiwan
  • Adaro Indonesia
  • European Bulk Services B.V. - Netherlands
  • Britmindo - Indonesia
  • San Jose City I Power Corp, Philippines
  • Ambuja Cements Ltd - India
  • World Bank
  • Larsen & Toubro Limited - India
  • Bayan Resources Tbk. - Indonesia
  • Posco Energy - South Korea
  • Chettinad Cement Corporation Ltd - India
  • Eastern Coal Council - USA
  • Baramulti Group, Indonesia
  • Banpu Public Company Limited - Thailand
  • SGS (Thailand) Limited
  • WorleyParsons
  • Mintek Dendrill Indonesia
  • globalCOAL - UK
  • Kumho Petrochemical, South Korea
  • Bukit Baiduri Energy - Indonesia
  • PLN - Indonesia
  • SUEK AG - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Indo Tambangraya Megah - Indonesia
  • KPMG - USA
  • Star Paper Mills Limited - India
  • Malco - India
  • Dalmia Cement Bharat India
  • UBS Singapore
  • Anglo American - United Kingdom
  • IMC Shipping - Singapore