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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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Sunday, 04 October 09
GOVT THREATENS TO CANCEL COAL BLOCK ALLOTTED TO BINANI CEMENT
Economic Times reported that, The government has threatened to cancel a coal block allocated for captive use to Binani Cement saying the company see ...
Saturday, 03 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The BDI firmed up this week by almost 8 pct to 2,357 points , the main reason being jump in Cape size index by almost 22 p ...
Friday, 02 October 09
C&O SEES INDONESIA COAL PURCHASES UP 20 PCT IN 2010
Reuters reported that, Dubai-based coal trader Coal & Oil (C&0) expects its coal purchases from Indonesia to increase by at least 20 percent ...
Thursday, 01 October 09
MJUNCTION LAUNCHES INDIA'S FIRST COAL SPOT PRICE INDEX
• Named 'MJcomposite, MJsteel, MJcement, MJpower' the value weighted index will benefit Indian coal buyers by minimising risk against pr ...
Wednesday, 30 September 09
INDIA CEMENTS SET TO PRODUCE POWER; EYES COAL MINE IN INDONESIA
Financial Express reported that, Tamil Nadu-based India Cements Ltd (ICL) has firmed up plans to produce power to meet its current and future requir ...
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- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- VISA Power Limited - India
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
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