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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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Wednesday, 29 June 11
ANOTHER STRONG PERFORMANCE BY CAPESIZE - BRS
Another strong performance by the Capesize market this week, bringing the BCI up 8% to 1,974 points. However the Panamax market was penalised, losin ...
Monday, 27 June 11
THE IRON ORE IMPORTS BY CHINA SEEMED TO SLOW DOWN - VISTAAR
COALspot.com - The BDI was holding as previous week and was just up by 1 point and closed at 1424 points end of last week. The biggest gain was ...
Friday, 24 June 11
THE INDONESIAN GOVERNMENT WILL NOT EXTEND ALL EXPIRED MINING CONTRACTS - JAKARTA UPDATES
The Indonesian Government have decided not to extend all mining concessions under the scheme called Contract of Work and instead will take over the ...
Friday, 24 June 11
BERAU EYEING 70 PERCENT GROWTH IN EBITDA
Indonesia's coal producer PT Berau Coal Energy Tbk (BRAU) is eyeing a 60 -70 percent growth in EBITDA to US$ 560 million-US$595 million this year. ...
Thursday, 23 June 11
DRY BULK MARKET KEEPS EXHIBITING SIGNS OF WEAKNESS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems to be unable to climb at new highs this week, showing signs of weakness, across most ship types. Yesterday, the Baltic Dry ...
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- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Planning Commission, India
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- The University of Queensland
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Australian Coal Association
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Trasteel International SA, Italy
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
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