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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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Friday, 10 November 17
U.S. COAL OUTPUT FOR THE FIRST 10 MONTHS OF 2017 IS ESTIMATED AT AROUND 656 MMST; UP10% YOY - EIA
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COAL MARKETS WERE MIXED; COKING COAL EKING OUT SOME GAINS; THERMAL COAL STRUGGLING - DANIEL HYNES
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Tuesday, 07 November 17
ING JOINS FORCES ON BLOCKCHAIN-BASED PLATFORM FOR ENERGY COMMODITIES SECTOR
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Showing 1886 to 1890 news of total 6871 |
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- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Parliament of New Zealand
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Australian Coal Association
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
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