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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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Tuesday, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
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Tuesday, 02 June 20
TUAH TURANGGA AGUNG RECORDED 4.54 MILLION TONS OF COAL SALES IN THE FIRST FOUR MONTHS OF 2020
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SOURING SINO-AUSTRALIA TRADE RELATIONS - BALTIC EXCHANGE
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- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- The University of Queensland
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- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
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- Orica Australia Pty. Ltd.
- PTC India Limited - India
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
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- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
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- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
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