COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 14 June 17
WORLD COAL PRODUCTION FELL BY 6.2%, THE LARGEST ANNUAL DECLINE ON RECORD - BP
COALspot.com: The 2017 edition of the BP Statistical Review of World Energy, shows global energy markets continuing to undergo long-term changes as ...


Wednesday, 14 June 17
HANDYSIZES AND PANAMAXES ENJOY THE TIGHTEST SUPPLY - PANOS TSILINGIRIS
The dry and the tanker shipping segments have dissimilar exposure to supply-driven opportunity (or risk). While the vintage (i.e., over 15 years ol ...


Tuesday, 13 June 17
THE TANKER FREIGHT MARKET IS STILL UNDER PRESSURE - GEORGE LAZARIDIS
News of U.S. inventory decline has hit the market by surprise with prices of the commodity showing some quick revival as OPEC continues to push wit ...


Monday, 12 June 17
THE BALTIC DRY INDEX TOOK A POSITIVE STEP
COALspot.com: The Freight market incline this past week compared to the previous week, as BDI, Cape and Panamax indexes show a positive trend week ...


Friday, 09 June 17
U.S WEEKLY COAL OUTPUT WAS FLAT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15 million short tonnes ...


   404 405 406 407 408   
Showing 2026 to 2030 news of total 6871
News by Category
Popular News
 
Total Members : 28,694
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Tamil Nadu electricity Board
  • Bahari Cakrawala Sebuku - Indonesia
  • Parliament of New Zealand
  • The University of Queensland
  • Rudhra Energy - India
  • Essar Steel Hazira Ltd - India
  • Central Electricity Authority - India
  • Kumho Petrochemical, South Korea
  • Antam Resourcindo - Indonesia
  • NALCO India
  • Africa Commodities Group - South Africa
  • TeaM Sual Corporation - Philippines
  • PTC India Limited - India
  • Cebu Energy, Philippines
  • Deloitte Consulting - India
  • Cargill India Pvt Ltd
  • Peabody Energy - USA
  • Videocon Industries ltd - India
  • Meenaskhi Energy Private Limited - India
  • IBC Asia (S) Pte Ltd
  • Thomson Reuters GRC
  • Japan Coal Energy Center
  • Binh Thuan Hamico - Vietnam
  • Commonwealth Bank - Australia
  • The Treasury - Australian Government
  • Adani Power Ltd - India
  • Maruti Cements - India
  • Edison Trading Spa - Italy
  • Toyota Tsusho Corporation, Japan
  • Maersk Broker
  • Asian Development Bank
  • Bank of America
  • Mitsui
  • Jorong Barutama Greston.PT - Indonesia
  • Maybank - Singapore
  • Vale Mozambique
  • Gupta Coal India Ltd
  • Intertek Mineral Services - Indonesia
  • IHS Mccloskey Coal Group - USA
  • ACC Limited - India
  • Vitol - Bahrain
  • Gresik Semen - Indonesia
  • Romanian Commodities Exchange
  • TANGEDCO India
  • Clarksons - UK
  • Asia Cement - Taiwan
  • Sucofindo - Indonesia
  • Thai Mozambique Logistica
  • World Coal - UK
  • Sinarmas Energy and Mining - Indonesia
  • GHCL Limited - India
  • European Bulk Services B.V. - Netherlands
  • Kobe Steel Ltd - Japan
  • GN Power Mariveles Coal Plant, Philippines
  • globalCOAL - UK
  • PLN Batubara - Indonesia
  • Jindal Steel & Power Ltd - India
  • BRS Brokers - Singapore
  • Freeport Indonesia
  • PetroVietnam
  • Wilmar Investment Holdings
  • ANZ Bank - Australia
  • Cardiff University - UK
  • Britmindo - Indonesia
  • Gujarat Sidhee Cement - India
  • Ind-Barath Power Infra Limited - India
  • Surastha Cement
  • GB Group - China
  • Adaro Indonesia
  • Bayan Resources Tbk. - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Bhoruka Overseas - Indonesia
  • SMG Consultants - Indonesia
  • Economic Council, Georgia
  • MEC Coal - Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • Pinang Coal Indonesia
  • SGS (Thailand) Limited
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • GNFC Limited - India
  • Central Java Power - Indonesia
  • Bangkok Bank PCL
  • Coal India Limited
  • Alfred C Toepfer International GmbH - Germany
  • South Luzon Thermal Energy Corporation
  • Eastern Energy - Thailand
  • Orica Mining Services - Indonesia
  • Coaltrans Conferences
  • International Coal Ventures Pvt Ltd - India
  • ING Bank NV - Singapore
  • Geoservices-GeoAssay Lab
  • Sakthi Sugars Limited - India
  • CIMB Investment Bank - Malaysia
  • Latin American Coal - Colombia
  • Ministry of Mines - Canada
  • Indonesia Power. PT
  • Pendopo Energi Batubara - Indonesia
  • KPCL - India
  • Coal Orbis AG
  • Marubeni Corporation - India
  • Mitra SK Pvt Ltd - India
  • Mercator Lines Limited - India
  • Indogreen Group - Indonesia
  • Barclays Capital - USA
  • Mintek Dendrill Indonesia
  • Energy Link Ltd, New Zealand
  • Star Paper Mills Limited - India
  • Timah Investasi Mineral - Indoneisa
  • Attock Cement Pakistan Limited
  • VISA Power Limited - India
  • Georgia Ports Authority, United States
  • Xstrata Coal
  • Bharathi Cement Corporation - India
  • Karaikal Port Pvt Ltd - India
  • Indian Energy Exchange, India
  • Indian School of Mines
  • Moodys - Singapore
  • GAC Shipping (India) Pvt Ltd
  • Ince & co LLP
  • KEPCO - South Korea
  • Interocean Group of Companies - India
  • Chamber of Mines of South Africa
  • TNB Fuel Sdn Bhd - Malaysia
  • Altura Mining Limited, Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Indorama - Singapore
  • Inco-Indonesia
  • HSBC - Hong Kong
  • Total Coal South Africa
  • Energy Development Corp, Philippines
  • CoalTek, United States
  • Arch Coal - USA
  • ASAPP Information Group - India
  • Cigading International Bulk Terminal - Indonesia
  • Reliance Power - India
  • Credit Suisse - India
  • The India Cements Ltd
  • Thailand Anthracite
  • Vizag Seaport Private Limited - India
  • Arutmin Indonesia
  • Qatrana Cement - Jordan
  • Wood Mackenzie - Singapore
  • Directorate General of MIneral and Coal - Indonesia
  • Petrosea - Indonesia
  • New Zealand Coal & Carbon
  • Baramulti Group, Indonesia
  • Kobexindo Tractors - Indoneisa
  • Idemitsu - Japan
  • Ministry of Finance - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Minerals Council of Australia
  • Barasentosa Lestari - Indonesia
  • Shree Cement - India
  • Cemex - Philippines
  • Heidelberg Cement - Germany
  • DBS Bank - Singapore
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • KOWEPO - South Korea
  • Bukit Baiduri Energy - Indonesia
  • Mechel - Russia
  • EMO - The Netherlands
  • Grasim Industreis Ltd - India
  • McConnell Dowell - Australia
  • Bhushan Steel Limited - India
  • Metalloyd Limited - United Kingdom
  • Tata Chemicals Ltd - India
  • Therma Luzon, Inc, Philippines
  • LBH Netherlands Bv - Netherlands
  • Vijayanagar Sugar Pvt Ltd - India
  • TGV SRAAC LIMITED, India
  • Savvy Resources Ltd - HongKong
  • Trasteel International SA, Italy
  • Bank of China, Malaysia
  • PowerSource Philippines DevCo
  • Riau Bara Harum - Indonesia
  • Sojitz Corporation - Japan
  • Directorate Of Revenue Intelligence - India
  • Indian Oil Corporation Limited
  • CCIC - Indonesia
  • Indika Energy - Indonesia
  • SMC Global Power, Philippines
  • Samsung - South Korea
  • Panama Canal Authority
  • Bukit Makmur.PT - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Oldendorff Carriers - Singapore
  • Sindya Power Generating Company Private Ltd
  • Merrill Lynch Commodities Europe
  • Carbofer General Trading SA - India
  • Mitsubishi Corporation
  • India Bulls Power Limited - India
  • Berau Coal - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • RBS Sempra - UK
  • Medco Energi Mining Internasional
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • London Commodity Brokers - England
  • Bukit Asam (Persero) Tbk - Indonesia
  • Posco Energy - South Korea
  • Electricity Generating Authority of Thailand
  • Argus Media - Singapore
  • Bulk Trading Sa - Switzerland
  • Straits Asia Resources Limited - Singapore
  • Leighton Contractors Pty Ltd - Australia
  • Manunggal Multi Energi - Indonesia
  • Noble Europe Ltd - UK
  • Platou - Singapore
  • Maharashtra Electricity Regulatory Commission - India
  • Australian Coal Association
  • Semirara Mining Corp, Philippines
  • Mjunction Services Limited - India
  • Tanito Harum - Indonesia
  • Maheswari Brothers Coal Limited - India
  • UBS Singapore
  • Ernst & Young Pvt. Ltd.
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Power Finance Corporation Ltd., India
  • Kalimantan Lumbung Energi - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Aboitiz Power Corporation - Philippines
  • Semirara Mining and Power Corporation, Philippines
  • Sree Jayajothi Cements Limited - India
  • Petrochimia International Co. Ltd.- Taiwan
  • SRK Consulting
  • JPower - Japan
  • Siam City Cement - Thailand
  • ETA - Dubai
  • Madhucon Powers Ltd - India
  • Malco - India
  • Holcim Trading Pte Ltd - Singapore
  • Salva Resources Pvt Ltd - India
  • Ministry of Transport, Egypt
  • Mercuria Energy - Indonesia
  • Independent Power Producers Association of India
  • J M Baxi & Co - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Billiton Holdings Pty Ltd - Australia
  • Banpu Public Company Limited - Thailand
  • Coastal Gujarat Power Limited - India
  • Samtan Co., Ltd - South Korea
  • Eastern Coal Council - USA
  • APGENCO India
  • Rio Tinto Coal - Australia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • CESC Limited - India
  • Aditya Birla Group - India
  • ICICI Bank Limited - India
  • Thiess Contractors Indonesia
  • Petron Corporation, Philippines
  • World Bank
  • Platts
  • Shenhua Group - China
  • Borneo Indobara - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Thriveni
  • Orica Australia Pty. Ltd.
  • Coal and Oil Company - UAE
  • Lanco Infratech Ltd - India
  • GMR Energy Limited - India
  • PetroVietnam Power Coal Import and Supply Company
  • PNOC Exploration Corporation - Philippines
  • The State Trading Corporation of India Ltd
  • TRAFIGURA, South Korea
  • Deutsche Bank - India
  • Miang Besar Coal Terminal - Indonesia
  • Dalmia Cement Bharat India
  • NTPC Limited - India
  • U S Energy Resources
  • Kaltim Prima Coal - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • IMC Shipping - Singapore
  • Australian Commodity Traders Exchange
  • Indonesian Coal Mining Association
  • Ceylon Electricity Board - Sri Lanka
  • Core Mineral Indonesia
  • Tata Power - India
  • JPMorgan - India
  • Xindia Steels Limited - India
  • IOL Indonesia
  • SUEK AG - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Electricity Authority, New Zealand
  • WorleyParsons
  • Simpson Spence & Young - Indonesia
  • Bangladesh Power Developement Board
  • Formosa Plastics Group - Taiwan
  • CNBM International Corporation - China
  • Ambuja Cements Ltd - India
  • EIA - United States
  • Goldman Sachs - Singapore
  • Thermax Limited - India
  • Bhatia International Limited - India
  • Infraline Energy - India
  • Humpuss - Indonesia
  • Coeclerici Indonesia
  • Cement Manufacturers Association - India
  • Inspectorate - India
  • BNP Paribas - Singapore
  • Port Waratah Coal Services - Australia
  • Globalindo Alam Lestari - Indonesia
  • bp singapore
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Sarangani Energy Corporation, Philippines
  • Jatenergy - Australia
  • SASOL - South Africa
  • Indo Tambangraya Megah - Indonesia
  • Fearnleys - India
  • MS Steel International - UAE
  • Enel Italy
  • Russian Coal LLC
  • Singapore Mercantile Exchange
  • OPG Power Generation Pvt Ltd - India
  • Anglo American - United Kingdom
  • TNPL - India
  • Glencore India Pvt. Ltd
  • Parry Sugars Refinery, India
  • Price Waterhouse Coopers - Russia
  • Asmin Koalindo Tuhup - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Coalindo Energy - Indonesia
  • Malabar Cements Ltd - India
  • UOB Asia (HK) Ltd
  • Uttam Galva Steels Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • Lafarge - France
  • Kapuas Tunggal Persada - Indonesia
  • McKinsey & Co - India
  • Cosco
  • Iligan Light & Power Inc, Philippines
  • White Energy Company Limited
  • Runge Indonesia
  • Larsen & Toubro Limited - India
  • Renaissance Capital - South Africa
  • Merrill Lynch Bank
  • Siam City Cement PLC, Thailand
  • Permata Bank - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • KPMG - USA
  • Vedanta Resources Plc - India
  • Krishnapatnam Port Company Ltd. - India
  • Global Business Power Corporation, Philippines
  • Sical Logistics Limited - India
  • Standard Chartered Bank - UAE
  • Makarim & Taira - Indonesia
  • Global Coal Blending Company Limited - Australia
  • OCBC - Singapore
  • San Jose City I Power Corp, Philippines
  • Agrawal Coal Company - India
  • Planning Commission, India
  • PLN - Indonesia
  • Jaiprakash Power Ventures ltd
  • IEA Clean Coal Centre - UK
  • GVK Power & Infra Limited - India
  • Meralco Power Generation, Philippines
  • AsiaOL BioFuels Corp., Philippines