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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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Tuesday, 11 April 23
OIL RISES ON CHINA STIMULUS EXPECTATIONS, WEAKER DOLLAR - REUTERS
Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude sto ...
Sunday, 09 April 23
CHINA’S BUSINESS INCOME REBOUND POINTS TO IMPROVING ECONOMY: OFFICIAL - XINHUA
Chinese businesses have posted a strong rebound in sales revenue since the beginning of this year in the latest signal of an improving economy.
...
Sunday, 09 April 23
COAL INDIA TO BOOST SUPPLIES TO INDUSTRIES AS UTILITIES’ INVENTORIES RISE - REUTERS
Coal India Ltd will increase supplies to industries, the world’s largest coal miner said on Wednesday as fuel inventories at utilities run by ...
Thursday, 06 April 23
MARKET INSIGHT - INTERMODAL
LNG Current Supply/Demand Dynamics
This year, LNG supply will likely exceed demand, so prices will need to decline to levels that will encourag ...
Sunday, 26 March 23
EUROPE’S RUSH TO LNG COULD TURN INTO 'WORLD’S MOST EXPENSIVE AND UNNECESSARY INSURANCE POLICY'- CNBC
Europe’s rapid buildout of liquefied natural gas infrastructure is on track to far exceed demand by the end of the decade, according to new r ...
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- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
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- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
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- PTC India Limited - India
- Bhatia International Limited - India
- Thai Mozambique Logistica
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- Indian Oil Corporation Limited
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- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
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- Eastern Energy - Thailand
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- Dalmia Cement Bharat India
- Economic Council, Georgia
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- Baramulti Group, Indonesia
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- Energy Development Corp, Philippines
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- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Australian Coal Association
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- Riau Bara Harum - Indonesia
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- Ministry of Mines - Canada
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- Commonwealth Bank - Australia
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- Eastern Coal Council - USA
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- Ministry of Finance - Indonesia
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- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
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- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
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- Wood Mackenzie - Singapore
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- McConnell Dowell - Australia
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- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- The University of Queensland
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
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- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
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- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
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- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- New Zealand Coal & Carbon
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- Chamber of Mines of South Africa
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- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
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- International Coal Ventures Pvt Ltd - India
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- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
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- Bhushan Steel Limited - India
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- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Posco Energy - South Korea
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