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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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Sunday, 31 July 11
CAPES ARE TRADING BELOW $ 9500 PER DAY - VISTAAR
COALspot.com - The BDI further softened by 4.46 pct and closed at 1264 points which touched below 1300 points after long time. The Cape and Panamax ...
Friday, 29 July 11
5300 ADB COAL WILL BE AT US$ 60/TON IN THIS QUARTER - RAIN
COALspot.com - PT Resource Alam Indonesia Tbk (KKGI) seeing the average selling price of its coal for the third quarter of this year will increase t ...
Thursday, 28 July 11
PTBA'S COAL PRICES UP IN H1 2011
COALspot.com - Bukit Asam’s coal prices in the second half of 2011 will expected to be higher than the first half of this year, said Sukrisno, ...
Thursday, 28 July 11
RESOURCE ALAM 1H PROFIT SURGES 208 PERCENT
Indonesia's tenth largest coal miner in term of concessions, PT Resource Alam Indonesia (KKGI), part of Rain Group, today reported a skyrocket net ...
Thursday, 28 July 11
DRY BULK MARKET EDGES FURTHER DOWN ON ADDED PRESSURE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Baltic Dry Index (BDI), an indicator of dry bulk freight rates has reached new lows this week, with yesterday’s session ending further dow ...
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- Riau Bara Harum - Indonesia
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- Indian Energy Exchange, India
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- IHS Mccloskey Coal Group - USA
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- Energy Link Ltd, New Zealand
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- IEA Clean Coal Centre - UK
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- Sojitz Corporation - Japan
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- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
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- Singapore Mercantile Exchange
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- Economic Council, Georgia
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- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
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- Pendopo Energi Batubara - Indonesia
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- Coal and Oil Company - UAE
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- Edison Trading Spa - Italy
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- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
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- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
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- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- SN Aboitiz Power Inc, Philippines
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- Eastern Energy - Thailand
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- Intertek Mineral Services - Indonesia
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- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
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- Thai Mozambique Logistica
- Indian Oil Corporation Limited
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- Directorate General of MIneral and Coal - Indonesia
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- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
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- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Eastern Coal Council - USA
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- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
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- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
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- Timah Investasi Mineral - Indoneisa
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- Larsen & Toubro Limited - India
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- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
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- Australian Coal Association
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- South Luzon Thermal Energy Corporation
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- Central Electricity Authority - India
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- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
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