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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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Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays.
BDI INDEX
...
Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme.
"With th ...
Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...
Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
* SAfrica seen shipping 75 pct of its coal to Asia in 2010
* Logistics woes hamper SAfrica exports, India imports
India's steam coal imports ar ...
Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
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- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- The University of Queensland
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Planning Commission, India
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
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