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Tuesday, 05 February 13
CHALLENGER DEEP RESOURCES CORP HAS ENTERED INTO AN EXCLUSIVE MINING AND MARKETING AGREEMENT WITH KEM
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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Tuesday, 08 January 13
HOLIDAY ACTIVITY SCARCE IN THE MARKET OF SECOND HAND VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Although the market for second hand vessel purchasing was quite lull during the Holiday period, as is usually the case, the first days of the New Ye ...
Tuesday, 08 January 13
NEWCASTLE PORT SHIPPED 3.197 MILLION MT OF COAL W/E 7 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 3,197,580 MT of thermal and coking coal for week ended 0700 hours 7 January 2013, Newcas ...
Sunday, 06 January 13
CFR SOUTH CHINA COAL: 2014 DELIVERY CLOSED US$ 6.80 HIGHER THAN Q1 '13 PRICE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has gained 0.37 percent WoW and CFR South China coal sh ...
Sunday, 06 January 13
COAL BOOM: WAKE-UP CALL FOR INDIA & INDONESIA! - SUNIL K KUMBHAT
COALspot.com - Coal Boom : Scenario, Now & later!
Coal has been the dominant fuel for power generating plants in developed countries since th ...
Sunday, 06 January 13
FREIGHT MARKET REMAINED FAIRLY STEADY - VISTAAR
WISH YOU ALL HAPPY NEW YEAR
COALspot.com - The freight market remained fairly steady in spite of Christmas / New Year Holidays. The BDI was almos ...
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- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Mercator Lines Limited - India
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Planning Commission, India
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- PTC India Limited - India
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
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