We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
|
|
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 ...
|
|
|
Showing 2026 to 2030 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- PTC India Limited - India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
|
| |
| |
|