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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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- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- The University of Queensland
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
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