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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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Thursday, 12 March 09
ANALYSIS-FIRST NEW JAPAN COAL DEAL MAY NOT SET BENCHMARK - FOREXPROS.COM
* Informal coal-deal practice may come to an end this year
* Buyers expected to ask for a discount
* Biggest losers may be Chinese coal suppli ...
Thursday, 12 March 09
DEPARTMENT RECEIVES REPORT FROM GEOLOGICAL BODY AND NEDO - ESDM
The Geological Body of the Department of Energy and Mineral Resources have presented their Joint Study on Evaluation of Coal Resources and Reserves ...
Wednesday, 11 March 09
TENAGA SHARES CLIMB AS LOWER COAL PRICES CUT COSTS - BLOOMBERG
Bloomberg reported that, Tenaga Nasional Bhd., Malaysia’s state-controlled utility, climbed the most in a month in Kuala Lumpur trading as coal ...
Wednesday, 11 March 09
POSCO WINS 63% CUT IN PULVERIZED COAL PRICES, MACQUARIE SAYS - BLOOMBERG
Bloomberg reported that, Posco, Asia’s third-biggest steelmaker, has settled the first pulverized coal contracts for 2009 at $90 a metric ton ...
Wednesday, 11 March 09
COAL EXPORTERS FEEL THE CHILL FROM ASIAN DOWNTURN -BUSINESS.SMH.COM
Business.smh.com reproted that, The demand for thermal coal - NSW's most valuable export - has begun to reduce dramatically in response to the need ...
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- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
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- Parliament of New Zealand
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- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
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- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- White Energy Company Limited
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- ASAPP Information Group - India
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- Uttam Galva Steels Limited - India
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- The University of Queensland
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- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Coal and Oil Company - UAE
- India Bulls Power Limited - India
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- Metalloyd Limited - United Kingdom
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- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
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- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
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- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
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- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
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- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
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- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Planning Commission, India
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
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- Wilmar Investment Holdings
- Indogreen Group - Indonesia
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