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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, 08 March 09
AUSTRALIA'S FELIX STUDYING COAL ACQUISITIONS IN INDIA, INDONESIA
Bloomberg reported that, Felix Resources Ltd., an Australian supplier of coal to Korea and Japan, is studying acquisitions of energy coal assets in ...
Saturday, 07 March 09
THERMAL COAL PRICES MAY DROP, STANDARD CHARTERED SAYS
Bloomberg reported that, Coal prices may decline as a slump in demand for the fuel outpaces cuts in production, Standard Chartered Plc said.
Exp ...
Friday, 06 March 09
STRAITS ASIA EYES 3RD MINE
Straitstimes reported that, Mining company Straits Asia Resources is on an expansion trail to more than double its output by 2012.
Amid the econo ...
Friday, 06 March 09
INDONESIA MAY MISS 2009 COAL OUTPUT TARGET-OFFICIAL
Indonesia, the world's top thermal coal exporter, may fail to achieve its coal production target this year as the global economic crisis dents dema ...
Friday, 06 March 09
POWER FIRMS HEAD TO INDONESIA FOR COAL
The Hindu Businessline reported that, The enactment of a new, more liberal, mining legislation in Indonesia is drawing coal-starved Indian power uti ...
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- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- White Energy Company Limited
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Videocon Industries ltd - India
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