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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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Wednesday, 23 June 10
WILHELMSEN SHIPS SERVICE OPENS NEW OFFICE IN KRISHNAPATNAM PORT INDIA
Wilhelmsen Ships Service has opened a branch office in Krishnapatnam port on the east coast of India according to statement released by company ...
Wednesday, 23 June 10
PTC'S INDONESIAN COAL-MINING FORAY-I: TO INVEST USD 69 MILLION VIA OVERSEAS SPV
Moving ahead with its plans to acquire coal assets abroad, the power trading major, PTC India Limited, has decided to invest a total of USD 69 milli ...
Tuesday, 22 June 10
INDIA HAS REPORTED MORE COAL IMPORTS FROM COLOMBIA
A second consecutive week of sharp corrections for the dry bulk market, although some of the softness could be attributed to Chinese holidays at the ...
Monday, 21 June 10
THE SUPRAMAX INDEX IN THE FAR-EAST (S6 ROUTE) WAS DOWN BY $ 1300 PER DAY - VISTAAR
COALspot.com: The market continued to soften in all sectors last week also with the BDI dropping by 18.07 pct and Cape index by 26.71 pct.
The BD ...
Sunday, 20 June 10
OUR COAL: ITS DEVELOPMENT AND CONTROVERSIAL ISSUES
Indonesia’s production of coal has been growing amazingly. In the mid 1980s, national coal production was less than 1 million tons per annum, ...
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- Kartika Selabumi Mining - Indonesia
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- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
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- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
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- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
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- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
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- IEA Clean Coal Centre - UK
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
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- LBH Netherlands Bv - Netherlands
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- Baramulti Group, Indonesia
- Videocon Industries ltd - India
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- Ministry of Transport, Egypt
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- TNB Fuel Sdn Bhd - Malaysia
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- Siam City Cement PLC, Thailand
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- Salva Resources Pvt Ltd - India
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- The University of Queensland
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Economic Council, Georgia
- India Bulls Power Limited - India
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- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
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- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
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- Bharathi Cement Corporation - India
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- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Thai Mozambique Logistica
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- Australian Coal Association
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
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- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- PowerSource Philippines DevCo
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- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
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- White Energy Company Limited
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- Mintek Dendrill Indonesia
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- GAC Shipping (India) Pvt Ltd
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- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
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- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
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- Indian Energy Exchange, India
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- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
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- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
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- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
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