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Thursday, 04 July 13
CHALLENGER SIGNS FORMAL EXCLUSIVE MINING AND MARKETING AGREEMENT FOR ABBR PROJECT IN CENTRAL KALIMANTAN
COALspot.com - Challenger Deep Resources Corp., through its subsidiary PT Bestindo Energy has signed the formal exclusive Mining and Marketing agreement for the ABBR Project in Central Kalimantan, Indonesia with an initial term expiring in 2020 with an option to extend beyond that date, the company said in its press release.
The ABBR licence lies adjacent to Challenger’s KEM license where drilling activity is taking place on the initial areas scheduled for production. According to company, Challenger’s due diligence field work on the ABBR Project has confirmed the presence of at least 16 seams which are the strike continuity to the east of seams exposed in the KEM license area.
Due diligence test pitting and outcrop sampling have confirmed coal quality ranging from gross calorific value 6,022 to 6,330 on GAR basis. Average total moisture of coal is around 12.54 per cent, Ash around 3.60 per cent on ADB basis and Sulphur 0.73 per cent on adb basis.
Width of seams (Outcrop) discovered to date vary from 20 cm to 2 m. Drilling is to commence immediately on the extension of seams currently being drilled on the KEM license area. These seams are projected to strike for a distance of 1.8 km through ABBR license area.
Ranjeet Sundher, President of Challenger commented, “The signing of the ABBR project is an integral part of the overall Barito Project for Challenger. With the mining licenses and infrastructure in place, combined with the high quality of coal, we believe we can build a profitable coal production company that is sustainable and highly scaleable.”
About Challenger
Challenger Deep Resources Corp. is an exploration company focused on the Indonesian 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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Friday, 06 September 24
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- Metalloyd Limited - United Kingdom
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- SMC Global Power, Philippines
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- Rashtriya Ispat Nigam Limited - India
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- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
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- Australian Commodity Traders Exchange
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- Global Green Power PLC Corporation, Philippines
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- Binh Thuan Hamico - Vietnam
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- Thai Mozambique Logistica
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- Price Waterhouse Coopers - Russia
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- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
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- Neyveli Lignite Corporation Ltd, - India
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- IEA Clean Coal Centre - UK
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- White Energy Company Limited
- Marubeni Corporation - India
- McConnell Dowell - Australia
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- Minerals Council of Australia
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
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- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
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- Bulk Trading Sa - Switzerland
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- Kumho Petrochemical, South Korea
- Parliament of New Zealand
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- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
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- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
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- Maheswari Brothers Coal Limited - India
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- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
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- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
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- Indian Oil Corporation Limited
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- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
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- Bayan Resources Tbk. - Indonesia
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- Bhoruka Overseas - Indonesia
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- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
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