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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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Saturday, 08 January 11
AUSTRALIAN FLOODS MAY BOOST RIS COAL SALES - THE JAKARTA POST
The Jakarta Post reported that, Floods inundating Queensland have disrupted Australian coal production, and in turn may offer opportunities for Indo ...
Saturday, 08 January 11
GOVERNMENT REMAINS CAUTIOUS OVER FOREIGN INVESTMENT IN MINING SECTOR - THE JAKARTA GLOBE
The Jakarta Globe reported that, The government expects $3.2 billion of investment to flow into the mining sector this year as foreign investors tur ...
Friday, 07 January 11
14 LARGE-SCALE COAL BASES TO BE BUILT DURING 12TH FIVE-YEAR PLAN - GLOBAL TIMES
During the Twelfth Five-Year Plan period (2011-2015), China aims to build 14 large-scale coal bases, and annex and restructure 20 coal bases in orde ...
Friday, 07 January 11
JSW ENERGY LTD OF INDIA IS LOOKING FOR 45 MILLION TONS OF STEAM COAL FOR 25 YEARS
COALspot.com - Supply of 1.80 mmt (+/- 10%) of steam coal per annum for power plants at Toranagallu and Jaigad.
Accordign to JSWE's websit ...
Friday, 07 January 11
SRI LANKA NEW PORT TO OFFER SHIP FUEL IN MAY - LBO
LOB reported that, The Sri Lanka Ports Authority (SLPA) plans to start bunkering or ship fuel operations at a new port in southern Hambantota in May ...
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- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Anglo American - United Kingdom
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Australian Coal Association
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
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