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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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Thursday, 04 November 10
GVK TALKS WITH MEC FOR INDONESIAN MINES DEAL - DNA INDIA
As reported by DNA India, GVK Power and Infrastructure on Wednesday said it is in talks with Gulf-based MEC Coal to buy its coal mines in Indonesia, ...
Wednesday, 03 November 10
PANAMAX SIZE DRY-BULK CARRIER MARKET IS STRONG - GERSON LEHRMAN
Panamax class vessels have been part of the fluctuation of the broader current dry bulk market. They have experienced occasional steep movements, du ...
Tuesday, 02 November 10
ADDED VALUE REMAINS STAGNANT - MAJALAH TAMBANG
The improvement of added value of mining products in accordance with mandate of the mining law has not been visible. Minerals and coal are still exp ...
Saturday, 30 October 10
THE SUPRAMAX FREIGHT MARKET THIS WEEK REMAINED ALMOST AT LAST WEEK LEVELS - VISTAAR SINGAPORE
COALspot.com: The freight market this week remained almost at same levels except for Panamax index which was up by 191 points.
The feast/SE Asia ...
Friday, 29 October 10
CAPE MARKET STARTED TO BREAK THOUGH THE UPWARDS RESISTANCE LEVEL OF USD 40K DAILY FOR SPOT CARGOS - FEARNLEYS
HANDY
The Atlantic markets remain flat and lackluster. The expectations that the grain ...
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- Planning Commission, India
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- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
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- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
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- Manunggal Multi Energi - Indonesia
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- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
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- Coal and Oil Company - UAE
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
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- Economic Council, Georgia
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- Bhushan Steel Limited - India
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- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Heidelberg Cement - Germany
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- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
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- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Bhatia International Limited - India
- The Treasury - Australian Government
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
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- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
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- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
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- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- ICICI Bank Limited - India
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- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
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- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
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- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
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- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
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