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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, 07 July 09
Q+A - INDONESIA MINING SECTOR FACES ELECTION RISKS - REUTERS
Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by ...
Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA
TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough Interna ...
Tuesday, 07 July 09
RUSSIAN AUDITORS ATTACK COAL EXPORTERS OVER PRICING
Russia's budget is losing substantial revenues because the country's exporters ship coal overseas at artificially low prices through various offsh ...
Tuesday, 07 July 09
RBCT COAL EXPORTS TO REMAIN BELOW CAPACITY IN 2009
Coal volumes railed to South Africa’s Richards Bay Coal Terminal are continuing to fall far short of the corridor’s nameplate yearly cap ...
Tuesday, 07 July 09
TATA POWER AID THE INDONESIAN COAL MINES
BL reported that Mr Prasad Menon MD of TATA Power aid the Indonesian coal mines PT Kaltim Prima Coal and PT Arutmin Indonesia in which TATA Power ha ...
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- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Aditya Birla Group - India
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- PTC India Limited - India
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
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