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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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Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
Friday, 28 May 10
CHINESE BAN TO HIT INDIAN IRON ORE EXPORTS
Nearly half of India's iron ore exports to China are in serious danger of being wiped out. The local government has imposed a ban on import of low ...
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- Maheswari Brothers Coal Limited - India
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- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
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- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Carbofer General Trading SA - India
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- Madhucon Powers Ltd - India
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- VISA Power Limited - India
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- Holcim Trading Pte Ltd - Singapore
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- Energy Development Corp, Philippines
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- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
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- International Coal Ventures Pvt Ltd - India
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- PowerSource Philippines DevCo
- GMR Energy Limited - India
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- Baramulti Group, Indonesia
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- Alfred C Toepfer International GmbH - Germany
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- Georgia Ports Authority, United States
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- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
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- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
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- Kepco SPC Power Corporation, Philippines
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- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Makarim & Taira - Indonesia
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- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
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- Anglo American - United Kingdom
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- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- White Energy Company Limited
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
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- Rashtriya Ispat Nigam Limited - India
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- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
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- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- The University of Queensland
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Economic Council, Georgia
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
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- Attock Cement Pakistan Limited
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- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
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- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
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- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
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- Tamil Nadu electricity Board
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