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Tuesday, 05 February 13
CHALLENGER DEEP RESOURCES CORP HAS ENTERED INTO AN EXCLUSIVE MINING AND MARKETING AGREEMENT WITH KEM
.jpg) COALspot.com - Challenger Deep Resources Corp., through its wholly owned subsidiary, PT Bestindo Energy, has entered into an Exclusivity Agreement relating to the right to mine and market coal from the KEM coal project in Central Kalimantan, Indonesia.
According to company’s press release, the Exclusivity Agreement with CV Kara Elmas Madenleri ("KEM") gives Challenger the exclusive right, for a period of sixty days, to conduct due diligence on the KEM coal project and to enter into a Mining Operation - Production Agreement for the project. Once Challenger Deep Resources Corp entered in to the Mining Operation - Production Agreement, then it will be benefited of full control of all coal production and marketing within the KEM project area.
KEM owns 100% of the KEM Coal Project in the Murah Teweh district of Central Kalimantan. The KEM Project is located just 12 kilometers east of the Barito River, the main river which transport coal to nearest anchorage position in South Kalimantan.
The KEM Project covers 335ha with an IUP OP license in place. KEM is a multi-seam high-quality thermal coal project with existing infrastructure in place to enable an early start to production. Infrastructure in place includes a 12km haul road and loading jetty, the report further said.
"This is a very important development for Challenger", states Ranjeet Sunder, President and CEO of Challenger. "The KEM Project gives us the potential to generate near-term cash flow which will provide funding for our Tabang Project development and will enable us to capitalize on other high-quality opportunities, while minimizing dilution to our shareholders during these difficult capital markets. We view this project as having very low risk and relatively low capital requirements which are both key elements in our Indonesian coal strategy", the press release says.
About Challenger
Challenger Deep Resources Corp. is an exploration company focused on the Asian coal industry. Challenger's business plan is to acquire, explore and to bring its viable coal projects into production. Challenger has an experienced Indonesian exploration and mining team with offices in Calgary, Singapore and Jakarta.
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Sunday, 27 January 13
CFR SOUTH CHINA COAL SWAPS: WEAK
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has gained 0.31 percent and CFR South China coal shipment&nbs ...
Sunday, 27 January 13
FREIGHT MARKET: FLAT TO SOFT - VISTAAR
COALspot.com - The freight market was soft and all the indices were down except for handy size.
The BDI was down 4.66 pct closing at 798 points.. ...
Friday, 25 January 13
BOTSWANA GOVERNMENT GRANTS COAL LICENSES TO A-CAP RESOURCES LIMITED
A-Cap Resources Limited has announced that it has been granted coal rights within its Bolau tenements which sit next to the Sese Coal and Power Proj ...
Friday, 25 January 13
SMALL ROOM FOR OPTIMISM FOR THE PROSPECTS OF THE DRY BULK MARKET AS NET FLEET GROWTH IS SLOWING DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the dry bulk market didn't manage to post a rebound during the past year, quite the opposite, as a fast fleet growth and slow ...
Thursday, 24 January 13
INDO - INDIA NOW AT APS $ 8K + BB USD 90000 - FEARNLEYS AS
Handy
The Atlantic market remains stable as supply of tonnage is still in excess of demand. USG- Far east fixed at $18k and CONT-FEAST at $ 11k. Pa ...
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- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Planning Commission, India
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- The University of Queensland
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
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