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Tuesday, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
 According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 million tonnes and a JORC Mining Resource of 2.730 billion tonnes.
In accordance with the new Indonesian Mining Law, Churchill has completed the initial stage of its Indonesian restructuring and has converted its 75% beneficial interest in the Ridlatama Tambang license area into a direct equity interest.
The Ridlatama Tambang license area is the larger of the two IUP licenses that make up the East Kutai Coal Project, with a resource of 2.545 billion tonnes, or 93.2% of the 2.730 billion tonne resource of the East Kutai Coal Project. Churchill has also converted to a 75% direct ownership in PT Ridlatama Trade Powerindo, which holds a prospective 5,386 hectare license area adjacent to the Ridlatama Tambang license area, on which no drilling has been done to date.
Churchill Mining Plc and its Indonesian partners the Ridlatama Group intend to increase the project coal production rate by up to 10mtpa to 35mtpa. Coal production from the Northern Pit would increase from 20mtpa to 25-30mtpa and production from the Southern Pit would remain at 5mtpa.
Churchill’s feasibility and development work has identified that planned mine facilities at the Northern Pit have the capacity to support a mining production rate of 40-45mtpa. In this context, Churchill has executed project optimization studies which show that the overland conveyor, which will transport the coal from the Northern Pit, has an enhanced capacity of 25-30mtpa, an increase of 5-10mtpa.
In addition to the Northern Pit production, and further to the MOU signed with PT. Perusahaan Listrik Negara (PLN), the Indonesian state electricity firm, in April 2010, Churchill continues to work on plans for the purchase of 5mtpa of coal from the Southern Pit, which would fulfill Churchill’s Indonesian Domestic Market Obligation (“DMO”). PLN is now reviewing the potential to utilize its coal drying and enhancement technology on the project’s coal, which, in testing, upgraded the coal from subbituminous to bituminous, considerably increasing its value.
Churchill also continues to work closely with its strategic adviser, Credit Suisse, in reviewing development options for the project. The optimized feasibility study will form the platform for Credit Suisse’s work as it evaluates Churchill’s options for the project. Churchill’s CEO, Paul Mazak, commented: “We are delighted with the results of the optimization work performed thus far on this world-class thermal coal project. Our plans to increase production and coal sales by 50% are now being incorporated into the feasibility study and economics. We believe that the significant increase in the production profile will generate considerable additional economic value and further increase the attractiveness of the project for power project developers in Asia.”
Source: Churchill Mining
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Friday, 16 July 10
CHINA EXPORTS 10.14 MILLION TONNES OF COAL IN H1 OF 2010
China exported 10.14 million tonnes of coal in the first half of this year, down 13.1% compared with the corresponding period of last year, accordin ...
Thursday, 15 July 10
SMC TO PURSUE MINDANAO COAL MINING PROJECTS
Philippine Daily Inquirer reported that, DIVERSIFYING CONGLOMERATE San Miguel Corp. is inclined to pursue its coal mining projects in Mindanao ...
Thursday, 15 July 10
ADANI ENTERPRISES WILL BUY $1 BILLION COAL MINE FROM LINC ENERGY - TOP NEWS
Top News reported that, Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mi ...
Thursday, 15 July 10
ADANI TO DEVELOP COAL EXPORT TERMINAL IN AUSTRALIA - BUSINESS STANDARD
Business-Standard reported that, The Adani Group, promoter of Mundra Port and Special Economic Zone (MPSEZ), today said it has been selected as the ...
Thursday, 15 July 10
NO IMPROVEMENT IN THE DRY BULK MARKET - INTERMODAL
Broker’s insight
With the Baltic Dry Index today (13/7/2010) standing at 1,790 points - the lowest point since early May 2009 - ...
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- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- The Treasury - Australian Government
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Australian Coal Association
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
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