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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, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...
Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...
Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands.
The Viet Nam Coal ...
Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...
Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...
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- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Planning Commission, India
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- The University of Queensland
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Economic Council, Georgia
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Minerals Council of Australia
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
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