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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$1.8 billion.
However, Churchill is keeping all of its options open and is still looking at possibly running East Kutai as a stand-alone project funded by equity and debt.
In September the company passed a major milestone when the eagerly awaited feasibility study confirmed East Kutai as a world class deposit with a JORC resource of 2.73 billion tonnes.
Source: Proactive Investors
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Friday, 04 November 22
CHINA EXPANDS COAL TERM CONTRACTS TO ALL MINES TO STABILIZE MARKET - REUTERS
China has expanded long-term thermal coal supply contracts for 2023 to all coal mines and asked power utilities to source more of their demand thro ...
Thursday, 03 November 22
HANDYSIZE VALUES MOVING UP IN OCTOBER, WHILE LNG VALUES SKYROCKET - VESSELSVALUE
Handysize values have increased this month across most ages, following a period of decline. Values for generic 10 year old Handysizes have moved up ...
Thursday, 03 November 22
EUROPEAN GAS SUPPLY SURPLUS, NOVEMBER HBA DOWN TO US$ 308.2 PER TON - ESDM
European gas supply conditions have a major influence in determining fluctuations in the Reference Coal Price (HBA). The November 2022 HBA recorded ...
Wednesday, 02 November 22
MARKET INSIGHT - INTERMODAL
Only five weeks before western sanctions’ full effect, uncertainty over energy has markets and governments on the edge. What was initially th ...
Tuesday, 01 November 22
CHINA COAL TRADE DISRUPTED BY COVID OUTBREAKS AS WINTER LOOMS - REUTERS
China’s strict COVID-19 policy is constraining coal supplies and pushing up prices, industry officials and traders say, just weeks before the ...
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- London Commodity Brokers - England
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
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- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- New Zealand Coal & Carbon
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- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
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- India Bulls Power Limited - India
- Singapore Mercantile Exchange
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
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- Price Waterhouse Coopers - Russia
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- MS Steel International - UAE
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
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- PTC India Limited - India
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
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- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
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- Semirara Mining Corp, Philippines
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- Ministry of Mines - Canada
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- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
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- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- CNBM International Corporation - China
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
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- Simpson Spence & Young - Indonesia
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- Ceylon Electricity Board - Sri Lanka
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- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
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- White Energy Company Limited
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- Port Waratah Coal Services - Australia
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- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
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- Ambuja Cements Ltd - India
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- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
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- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
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- Sindya Power Generating Company Private Ltd
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- Baramulti Group, Indonesia
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- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
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- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
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- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
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- Indo Tambangraya Megah - Indonesia
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- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
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