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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, 31 October 09
FLSMIDTH WINS MAJOR INDIAN COAL HANDLING PROJECT
Top global supplier of minerals processing and materials handling equipment, FL smidth, has won another important coal handling contract in India
...
Saturday, 31 October 09
INDIA OPENING POWER SECTOR TO PRIVATE INVESTMENT, COAL STILL THE FUEL OF CHOICE
Energy Tribune reported that, With coal-fired power plants as the primary source, India’s electricity generation sector space has been dominat ...
Friday, 30 October 09
MINERS TOLD TO SPEND ON LOCAL SERVICE FIRMS
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies ...
Friday, 30 October 09
TATA POWER MAY BUY COAL FROM RIVERSDALE'S MOZAMBIQUE MINES
Bloomberg reported that, Tata Power Ltd., India’s biggest electricity generator outside state control, may buy coal from a mine in Mozambique ...
Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
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- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Australian Coal Association
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
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