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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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Thursday, 06 February 20
CHINESE DEMAND KEY UNCERTAINTY FOR SEABORNE COAL MARKET IN 2020 - THE BRICS POST
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Wednesday, 05 February 20
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Wednesday, 05 February 20
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RUSSIA EXPORTED 28.6 MLN TONNES OF LNG IN 2019 - REFINITIV
A lot of attention has been paid recently on the surge in LNG exports from the United States. However, another country which is seeing truly expone ...
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- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Parliament of New Zealand
- Minerals Council of Australia
- Eastern Coal Council - USA
- VISA Power Limited - India
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
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