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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, 25 April 09
KPC DEVELOPS EAST KALIMANTAN WITH GOVT - THE JAKARTA POST
Kaltim Prima Coal (KPC) focuses on several areas in its CSR projects to help the government increase the welfare of the community living around the ...
Friday, 24 April 09
NAPOCOR TO TENDER FOR 195,000 T COAL - ABS-CBNNEWS.COM
Top Philippine electricity producer National Power Corp. (Napocor) said on Friday it will hold a tender on May 20 to buy 195,000 tons of steam coal ...
Friday, 24 April 09
NTPC TO DELVE INTO CONTRACT MINING - ECONOMICTIMES
NTPC, India’s largest power producer, plans to cash in on its decades-old experience in handling coal mines by spinning off a separate u ...
Wednesday, 22 April 09
PROTECTED FORESTS FACING UNDERGROUND MINING THREAT - THE JAKARTA POST
The government is soon to issue a presidential regulation allowing mining companies to mine underground in protected forest areas, despite a recent ...
Tuesday, 21 April 09
MITRA RAJASA TO ACQUIRE TWO MINING COMPANIES - THE JAKARTA POST
PT Mitra Rajasa Tbk plans to acquire PT Realita Jaya Mandiri and PT Masindo Artha Resources in South Sumatra, which are worth around US$40 million.
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- Merrill Lynch Commodities Europe
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- ICICI Bank Limited - India
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- Thiess Contractors Indonesia
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- Antam Resourcindo - Indonesia
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- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
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- Global Coal Blending Company Limited - Australia
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- Makarim & Taira - Indonesia
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- Indian Energy Exchange, India
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- Meralco Power Generation, Philippines
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- Kapuas Tunggal Persada - Indonesia
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- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
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- Simpson Spence & Young - Indonesia
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- Indika Energy - Indonesia
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- Gujarat Electricity Regulatory Commission - India
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- Rio Tinto Coal - Australia
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- The University of Queensland
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
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- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
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- Tamil Nadu electricity Board
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- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
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- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
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- Indian Oil Corporation Limited
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- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
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- Australian Coal Association
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- Samtan Co., Ltd - South Korea
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- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Renaissance Capital - South Africa
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- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
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- Metalloyd Limited - United Kingdom
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- Africa Commodities Group - South Africa
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- Minerals Council of Australia
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- Jaiprakash Power Ventures ltd
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- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
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- Planning Commission, India
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- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
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