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Wednesday, 20 July 11
CHALLENGER GETS TABANG PROJECT IUP PERMIT
COALspot.com - Challenger Deep Resources Corporation has been getting exploration permit or Izin Usaha Pertambangan (IUP) for its Tabang coal in East Kalimantan. The IUP permit has been granted for an area 2,960 hectares on Challenger’s 100% owned Tabang project.
Challenger is an exploration company from Canada that focused on the Indonesian coal industry. Challenger’s business plan is to acquire, explore, and to bring its viable coal projects into production. Challenger offices’ is Calgary, Singapore, and Jakarta. This company listed on Toronto Stock Exchange.
“We are, of course, very pleased to receive the IUP Permit for this property,” Ranjeet Sundher, President of Challenger says. “One of our key strengths is our ability to identify, acquire, and manage the regulatory process related to our exploration projects,” he added via press release.
The Tabang Project area covers both the Batuayau and Ujoh Bilang geological formations. The typical coal quality of the Ujoh Bilang and Batuayau formations from producing coal mines in the region is CV 5,500-6,000 kcal/kg (ADB) with coal seam thicknesses varying from 0.5-6 meters.
This permit gives the rights to the holder to carry out full coal exploration activities within the concession area for a period of three years until May 13, 2014, which may be extended if required. This permit also gives the rights to obtain coal exploitation license (IUP Operation-Production) if the prospects proved to be economical for commercial production.
On approval of a mine feasibility study, the Challenger will be able to transition the IUP into the exploitation stage under an IUP Operation-Production, with the right to conduct mining production on this property for 20 years, with the potential for two further ten-year extension periods.
Challenger’s work on the Tabang project to date has confirmed the presence of at least seven flat-dipping seams of CVC (adb) 5,500-6,500 kcal/kg coal. All of the coal seams discovered to date are located on the northern half of the property.
Challenger’s exploration team is currently conducting more extensive surface exploration of the southern half of the property. Challenger’s initial reconnaissance drilling program confirmed coal quality and the coal seam orientation and consistency on the Tabang program with 14 shallow holes (25-50 metres) for a total of 521 metres of drilling.
Challenger has now commenced a more extensive exploration drilling program of the previously discovered multiple coal seams upon the issuance of this IUP. Challenger plans to conduct an environmental assessment and a pre-feasibility study later this year as part of the prerequisites for the application to obtain the IUP Operation-Production (coal mining production) license.
To contact the reporter on this story: Efendi at efendi@coalspot.com
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Friday, 28 October 11
RISING COAL PRICES TO WORSEN CHINA'S WINTER POWER CRUNCH - CRI ENGLISH
CRI English reported that, the rising price of coal is fueling concerns about a power crunch set to plague China this winter, analysts said.
The ...
Thursday, 27 October 11
CAPESIZE REACHING NEW HIGHS - FEARNLEYS
Handy
Pacific market has mixed sentiments with tonnages fixed at firm levels and some tonnages in feast failing on subs.For indo-india, large eco ...
Thursday, 27 October 11
DRY BULK MARKET EDGES DOWN AS CHINAS IRON ORE DEMAND LOSES GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A plunge in Chinese iron ore demand, as a result of high steel inventories and a bleak outlook regarding steel prices, has prompted the dry bulk mar ...
Thursday, 27 October 11
BUKIT ASAM 3Q PROFIT SURGES 66.91%
Insider Stories reported that, the state-controlled coal miner PT Bukit Asam Tbk (PTBA) experienced a 66.91% increase in its net profit during a per ...
Wednesday, 26 October 11
MOODYS SEES MORE GROWTH FOR INDONESIAN COAL MINERS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal mining industry looks set to grow despite an uncertain global economic outlook, according to ...
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- Marubeni Corporation - India
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- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
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- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
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- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
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- TNB Fuel Sdn Bhd - Malaysia
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- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
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- London Commodity Brokers - England
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- Chamber of Mines of South Africa
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- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
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- IHS Mccloskey Coal Group - USA
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- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
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- Independent Power Producers Association of India
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- Larsen & Toubro Limited - India
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- The University of Queensland
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- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
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- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
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- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
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- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Star Paper Mills Limited - India
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- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Parliament of New Zealand
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- Tata Chemicals Ltd - India
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- Dalmia Cement Bharat India
- Thai Mozambique Logistica
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- Metalloyd Limited - United Kingdom
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- Indogreen Group - Indonesia
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- Gujarat Electricity Regulatory Commission - India
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- Bulk Trading Sa - Switzerland
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- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
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- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
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- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
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- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
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- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
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- Indian Energy Exchange, India
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- South Luzon Thermal Energy Corporation
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- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
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