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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, 02 October 14
CAPESIZE - DULL AND WITHOUT MUCH DIRECTION AS IRON ORE AND COAL VOLUMES FAIL TO LIVE UP EXPECTATIONS
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Tuesday, 30 September 14
COALVIEW TO PARTICIPATE AT MET COKE WORLD SUMMIT 2014 IN CHICAGO
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- Mercator Lines Limited - India
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- Gujarat Mineral Development Corp Ltd - India
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- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
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- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
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- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Planning Commission, India
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
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