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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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Friday, 22 May 09
INDONESIA`S BUKIT ASAM TO HAVE POWER PLANT IN 2011 - ANTARA
The construction of a power plant in South Sumatra by coal mining company PT Tambang Batubara Bukit Asam will be completed in April 2011.
T ...
Friday, 22 May 09
NOBLE WINS CONTROL OF AUSTRALIA'S GLOUCESTER COAL - BLOOMBERG
Noble Group Ltd., a Hong Kong- based commodity supplier, won control of Australia’s Gloucester Coal Ltd. after last week raising its cash bid ...
Thursday, 21 May 09
FBR STARTS COVERAGE OF SHIPPING SECTOR - REUTERS
Friedman Billings Ramsey began coverage of the shipping industry, saying the sector, which is amidst a deep cyclical downturn, is poised for a recov ...
Thursday, 21 May 09
INDONESIAN COAL PRODUCTION IN Q1 BELOW TARGET - STEEL GURU
Mr Bambang Gatot Ariyono director for coal and mineral development at the Energy and Mineral Resources Ministry said that the coal production in the ...
Wednesday, 20 May 09
COAL & OIL BAGS TWO CONTRACTS TO SUPPLY COAL TO CEMENT & SUGAR INDUSTRY IN INDIA
COALspot.com: According to website of Coal & Oil Company, Aditya Birla Group (Ultratech) have placed orders with Coal and Oil Company for supply ...
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- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- MS Steel International - UAE
- The University of Queensland
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- White Energy Company Limited
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
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