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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, 20 October 09
COAL PRICES TO SURGE IN 2010 DESPITE AMPLE SUPPLY
Commodity Online reported that, Coal prices are indeed destined to go higher as they follow the rise of ‘coal currencies’ such as Austra ...
Tuesday, 20 October 09
INDIA MAY CUT STAKE IN NTPC BY DECEMBER, POWER SECRETARY SAYS
Bloomberg reported that, India’s government may sell a 5 percent stake in NTPC Ltd., the country’s biggest power producer, as early as D ...
Monday, 19 October 09
COAL PRICE UP AGAIN - RICHARDS BAY TERMINAL
Export prices rose 45 cents, or 0.7%, to an average of 64.05 a metric ton in the week ended Oct. 16, according to McCloskey Group.
The week was & ...
Monday, 19 October 09
COAL MINISTRY SEEKS EXPLANATION FROM AP GENCO
The Hindu Business reported that, the Coal Ministry has asked the Power Generation Corporation of Andhra Pradesh (AP Genco) to explain why there was ...
Monday, 19 October 09
CEMENT UNLIKELY TO COST MORE DESPITE COAL PRICE HIKE
Business-Standard reported that, Cement manufacturers will not immediately hike prices of the construction material, despite a surge in their input ...
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- Karbindo Abesyapradhi - Indoneisa
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- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- PTC India Limited - India
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Videocon Industries ltd - India
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- The University of Queensland
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
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