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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, 28 August 18
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Thursday, 23 August 18
RUSSIA'S MECHEL PRODUCED 9.69 MMT OF RUN-OF-MINE COAL IN 1H'2018
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- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Australian Coal Association
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
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