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Friday, 22 May 09
CHURCHILL DOUBLES INDONESIAN COAL PROJECT RESOURCE ESTIMATE - STEEL GURU
Mining Weekly quoted Churchill Mining as saying that the resource at its East Kutai coal project in Indonesia has more than doubled to 3.18 billion tonnes of thermal coal.
Included in this global resource was the previously reported joint ore reserves committee compliant resource of 1.4 billion tonnes. The balance was likely to be upgraded into Jorc compliant categories within a month, once final digital survey data has been processed.
Mr Paul Mazak MD of Churchill Mining said that “The new EKCP global resource catapults Churchill Mining to a new level in the coal mining industry in Indonesia. This result confirms our first impression since we started drilling in Kalimantan, that Churchill has discovered a huge new coal system, which ultimately will have a significant strategic value to power providers who require big volumes of coal supply.”
He added that the company continued to actively engage energy groups to progress its plans to mine the resource.
The new resource figure has exceeded Churchill’s initial 500 million tonnes target by more than 600%. Thus far, the company has defined a coal system 18 kilometers long and about 3 kilometers wide.
To date, 30% of the EKCP area has been drilled and the existing resource remains open along strike. The latest resource update was derived from a total cumulative drilling of 40,900 meters including 14,200 meters of open hole and 26,700 meters coring in 287 drill hole locations.
Source: Steel Guru
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Sunday, 21 June 09
TRANSPORT PROBLEMS HOLD BACK RUSSIAN COAL EXPORTS
Limited rail capacity and poor port infrastructure are frustrating the ambitions of Russia's leading coal producers to increase exports quickly to ...
Saturday, 20 June 09
MINING LICENSE PROCEDURES `PROPER' - (UPDATE 3)
All 13 coal mining firms operating in Sawahlunto, West Sumatra, complied with procedures in obtaining their licenses, authorities say, as a recent m ...
Saturday, 20 June 09
TECK SEES 2009 COAL SALES AT UPPER-END OF FORECAST
* Sees 2009 coal sales at upper-end it of prior forecast
* Says increased Chinese demand, driving brighter outlook
Teck Resources Ltd said on Fr ...
Saturday, 20 June 09
COAL OUTLOOK DARKENS AS PRODUCERS LOOK FOR PRICING FLEXIBILITY
Russia’s coal output has dropped 17% in the first quarter of the year, with slowing demand and rising tariffs adding gloom to the outlook for ...
Saturday, 20 June 09
AUSTRALIA'S NEWCASTLE THERMAL COAL PRICES FALL 7.7% TO $70.81
Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, fell 7.7 percent, declining for the first time since the week e ...
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- SMG Consultants - Indonesia
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- Africa Commodities Group - South Africa
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- Global Business Power Corporation, Philippines
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- Makarim & Taira - Indonesia
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- PowerSource Philippines DevCo
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- Directorate Of Revenue Intelligence - India
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- Sojitz Corporation - Japan
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- Planning Commission, India
- Electricity Authority, New Zealand
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- Straits Asia Resources Limited - Singapore
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- Aditya Birla Group - India
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- Banpu Public Company Limited - Thailand
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- Globalindo Alam Lestari - Indonesia
- The University of Queensland
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- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
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- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
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- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
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- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
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- Economic Council, Georgia
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- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
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- Oldendorff Carriers - Singapore
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- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
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- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
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- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
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- McConnell Dowell - Australia
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
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- Ministry of Transport, Egypt
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