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Saturday, 22 January 11
POSSIBLE COAL EXPORT RESTRICTIONS ON INDONESIA UNLIKELY TO AFFECT CHURCHILL MINING - PROACTIVE INVESTORS
 Proactive Investors reported that, Churchill Mining moved to reassure investors after a fall in its share price, stating that from talks with the authorities in Indonesia, it believes that any potential coal export restrictions may not affect it because of its supply arrangements with Indonesia’s state power provider PLN.
The statement was in response to today’s 8 percent decline in Churchill’s share price, apparently triggered by press speculation about the government’s possible plans to introduce export restrictions on certain grades of coal.
On Thursday, reports surfaced that Indonesia is preparing to place a ban on the export of low quality coal with an energy value of below 5,600 kilocalories per kilogram. The government wants producers to upgrade the coal to a higher energy value product in an effort to increase the country’s export revenue.
“From discussion with the relevant authorities, Churchill believes that any export restrictions will not apply to all producers and expects that further details may clarify that any export restrictions may not apply to Churchill because of the coal supply arrangement in place with the PLN,” said Churchill.
Churchill has created an Indonesian advisory board, which is participating in the ongoing discussions, that “guarantees access to all levels of industry and government” and it has negotiated an off-take deal with the state electricity company.
The company pledged to update the market “when appropriate”.
Churchill also reiterated that it is working with Indonesian state power provider PLN, expecting to meet all of its obligations to supply the domestic market via this relationship.
Back in December, Churchill acquired the land to be used as the site of the future port facility for the shipment of coal from the East Kutai project in Indonesia.Churchill has hired Credit Suisse to find a “big brother with deep pockets” to fund the development of the mine, which has a net present value of US$1.8 billion.
However, Churchill is keeping all of its options open and is still looking at possibly running East Kutai as a stand-alone project funded by equity and debt.
In September the company passed a major milestone when the eagerly awaited feasibility study confirmed East Kutai as a world class deposit with a JORC resource of 2.73 billion tonnes.
Source: Proactive Investors
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Friday, 04 February 11
PERTAMINA DENIES KAREN AGUSTIAWAN RESIGNS FROM PERTAMINA
COALspot.com - The President Director of PT Pertamina, Karen Agustiawan reportedly will replace Darwin Saleh as Minister of Energy and Mineral Resou ...
Friday, 04 February 11
ADARO ENERGY FY10 COAL SALES UP 6 PERCENT TO 43.84 MILLION
As reported by insider stories, Indonesian coal miners PT Adaro Energy Tbk has produced 42.20 million tons of coal in 2010, a 4 percent increase com ...
Thursday, 03 February 11
MERCATOR LINES TO INVEST RS 200-250 CRORE ON COAL MINE IN INDONESIA - ECONOMIC TIMES
Economic Times reported that, Mercator Lines, the HK Mittal-controlled shipping-to-mines major, will invest about 200-250 crore (US$ 43.825 - 54.781 ...
Thursday, 03 February 11
DRY BULK MARKET LOOKS SET TO BOTTOM OUT NIKOS - ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market having lost more than 72% of its value in the last month or so and having retreated to a 2-year low, it seems that the bott ...
Wednesday, 02 February 11
INDONESIA MAY MISS COAL EXPORT TARGET IN 2011
COALspot.com - Indonesian Trade ministry has instructed independent surveyors temporarily not to issue pre-shipment survey report (LS) to the compan ...
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- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Planning Commission, India
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
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