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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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Tuesday, 29 November 22
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Thursday, 24 November 22
VIETNAM BOOSTS COAL USE PLAN FOR 2030 AS G7 CLIMATE OFFER STALLS - REUTERS
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- Thiess Contractors Indonesia
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- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
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- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
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- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Mintek Dendrill Indonesia
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- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
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- Merrill Lynch Commodities Europe
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- Economic Council, Georgia
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- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
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- Energy Link Ltd, New Zealand
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- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
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- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
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- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Planning Commission, India
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- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Anglo American - United Kingdom
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- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
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- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
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- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
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- Bangladesh Power Developement Board
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- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
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- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
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- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
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- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
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- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
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- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
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- The University of Queensland
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