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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, 25 November 09
NAPOCOR SCRAPS AWARD OF 715,000 TONS COAL
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it had cancelled plans to award 715,000 tons in coal supply con ...
Wednesday, 25 November 09
RISING FREIGHT RATES HIT COAL IMPORTERS
While state-owned NTPC’s 12.5 million tonne coal import order may have been aimed at plugging the shortage of coal at its thermal power plants ...
Wednesday, 25 November 09
CSN TO BUY RIVERSDALE STAKE TO BOOST COAL SUPPLIES
Cia. Siderurgica Nacional SA plans to buy 16.3 percent of Australian coal-exploration company Riversdale Mining Ltd. for about A$190.5 million ($175 ...
Tuesday, 24 November 09
ICRA DOWNGRADES TNPL`S RATING TO LAA
Credit rating agency, ICRA has revised the long term rating for the Rs 11.25 billion long-term fund-based bank facilities and Rs 1.5 billion non-con ...
Monday, 23 November 09
INDONESIA MINING RULE THREATENS INVESTMENT DRIVE
A new Indonesian mining rule, limiting contract work that can be outsourced and favouring local players, is shaping up as a new blow to plans ...
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- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
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- Agrawal Coal Company - India
- The University of Queensland
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- GN Power Mariveles Coal Plant, Philippines
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- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
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- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
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