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Wednesday, 30 March 11
CHALLENGER SIGNS OPTION AGREEMENTS TO PURCHASE FOUR COAL PROJECTS IN INDONESIA
 Challenger Signs Three Exclusive Option Agreements to Purchase Four Coal Projects in East Kalimantan, Indonesia
Challenger Deep Resources Corp.has announced that it has, through its wholly-owned subsidiary, PT Bestindo Energy, (“Bestindo”) entered into three separate Memorandums of Understanding ("MOU’s") which give Bestindo the exclusive right, for a period of thirty days, to purchase the shares of three separate private Indonesian companies which hold various coal rights related to four separate coal projects, according to news that posted in its web site.
Each of the coal projects is 100% owned by the respective private company and all of the projects are located in the Regency of Kutai, East Kalimantan. Each of the MOU’s provide for the subsequent execution of a Conditional Share Purchase Agreement (“CSPA”), which provides for staged payments of the purchase price over a period of four months in respect of one MOU and over a period of 24 months for the other two MOU’s.
Arni Bersaudara Coal Project
Pt Arni Bersaudara (“Arni”) is the holder of two contiguous IUP Exploration permits covering 3,039 and 2,874 hectares in the District of Muara Kaman. The IUP’s are approximately 40km north of the Mahakam River The Arni MOU provides that, if Challenger elects to enter into a CSPA, it can acquire 100% of Arni for payments totaling $2,414,181 CAD. Terms of the payment include $84,215 CAD upon signing, $308,790 CAD within 6 months of signing the CSPA and the balance of $2,021,176 CAD after all the essential permits to bring the project into production are in place, or a maximum of 24 months from initial CSPA signing.
The target calorific value of coal is in this concession is around GCV 6,300 – 7,000 and 5,600 – 6,000 respectively.
Apriadi Bersaudara Coal Projects
Pt Apriadi Bersaudara (“Apriadi”) is holder of a KP PU (Mining Authorization for General Survey) covering an area of 930 hectares, which is currently being converted to IUP Exploration in the District of Samboja (AP1) and a SKIP (Exploration Permit Application) covering an area of 3,086 hectares in the District of Muara Kaman (AP2). The AP1 project is 10km from the coast and close to an independent haul road and port loading facilities which are under construction. The AP2 project is approximately 45km north of the Mahakam River and in close proximity to the Arni Bersaudara projects. The Apriadi MOU provides that, if Challenger elects to enter into a CSPA, it can acquire 100% of Apriadi for payments totalling $2,077,318 CAD. Terms of the payment include $56,143 CAD upon signing of the CSPA , $112,287 CAD upon receiving IUP exploration permits for both projects, $224,575 CAD within 12 months of CSPA and the balance of $1,684,313 CAD due on the 24 month anniversary of the CSPA signing.
The target calorific value of coal ranging from 5000 GAD to 7000.
Putri Etam Coal Project
CV Putri Etam (“Putri”) is a private Indonesian company which is in the process of applying for an IUP Exploration and has successfully secured a Local Announcement letter from authorities. The application covers 100 hectares and is located in the Muara Badak district. The Putri MOU provides that, if Challenger elects to enter into a CSPA, it can acquire 100% of Putri for payments totaling $84,215 CAD. Terms of the payment include $28,071 CAD upon signing and $56,144 CAD upon completion of the deed of shares transfer.
An additional agreement also provides that a royalty of US$4.50 be paid to the former Putri shareholders for every ton of coal produced and sold.
The target calorific value of coal in this concession is ranging from 5,600 – 7,000.
The press report says, a program of due diligence on all of the projects is to commence as soon as possible to verify the data provided and to confirm Challenger’s exploration target parameters.
Challenger’s execution of the CSPA’s to acquire these projects will depend upon the results of the initial due diligence program in respect of each. A more detailed technical description of the properties will be made available if and when a CSPA is signed.
“The signing of these latest MOU’s, reflects the culmination of many months of excellent work by our acquisition team”, stated Ranjeet Sundher, President of Challenger, as quoted in press release.
“We are very pleased with the execution to date of our plan to assemble and advance a strong portfolio of coal exploration and development projects in East Kalimantan. Our team remains focused on the exploration of our current projects and the acquisition of new projects.”
Visit Challender Deep website for more details.
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Wednesday, 21 October 20
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Wednesday, 21 October 20
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Tuesday, 20 October 20
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Tuesday, 20 October 20
BIMCO 'SHIPLEASE' TERM SHEET - WATSON FARLEY & WILLIAMS
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Friday, 16 October 20
KOMIPO ON BEHALF OF K GENCO'S INVITED BIDS FOR TOTAL 715,000 MT MIN. 5,700 NAR COAL FOR DECEMBER
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) on behalf of EWP, KOSPO, KOSEP and KOWEPO has issued an international tender for total 715,000& ...
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- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
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- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- White Energy Company Limited
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- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- The University of Queensland
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Planning Commission, India
- Central Electricity Authority - India
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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