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Friday, 18 December 09
CHURCHILL MINING COMPLETES FEASIBILITY STUDY FOR EAST KUTAI COAL PROJECT
 Churchill Mining Plc has announced the completion of the feasibility study for its flagship project, the 75% held East Kutai coal project in Indonesia, confirming a preferred 20 million tonne per annum production rate. The company anticipates project construction work at EKCP to start in 2010 and take two years to complete.
Churchill Mining Plc's wholly owned subsidiary PT Indonesia Coal Development has been selected as a prospective thermal coal supplier to Indonesia's PT Cirebon Electric Power, which is building a 660 MW power plant in West Java which is due to start operations in 2011.
Churchill has put the project's infrastructure items out to tender and this process is well advanced. To date the bids received have been well below predicted costs due to the resurgence in global manufacturing and engineering capabilities following the global financial downturn.
It anticipates completion of its tender process and final evaluation of the bids by the end of January 2010. It will then be in a position to further inform investors of the expected capital cost and life-of-mine financial returns.
The feasibility study envisages that the EKCP coal will be transported from the mine, ultimately made up of three open pits, using a 160 kilometers overland conveyor system comprising eight flights at a speed of 5 metres per second, powered by a coal-fired plant using EKCP coal.
Churchill is now undertaking final bathymetric and wave, wind and tide studies for the future port facility. Tenders for the port piling and coal loader have been received.
Mr Paul Mazak CEO of Churchill Mining said that "We look forward to announcing the associated results of our economic modeling early next year. Churchill is still evaluating how best to generate value for shareholders. Our options include the sale of the project or company, the development of EKCP with a JV partner or the financing and implementation of the EKCP by Churchill itself. We continue to have discussions with a number of interested parties and the company hopes to be position next year to announce the results from these negotiations."
Source: Steel Guru
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Thursday, 07 January 10
RAMKY PLANS COAL MINING IN INDONESIA
Ramky Infrastructure Limited, a Hyderabad-based integrated infrastructure construction and development management company with strategic emphasis on ...
Thursday, 07 January 10
INDONESIAS COAL OUTPUT MAY RISE TO 309 MILLION TONS IN 2014 - BLOOMBERG
Indonesia’s coal production may rise to 309 million tons by 2014 from an estimated 250 million tons this year, Bambang Setiawan, director-gene ...
Wednesday, 06 January 10
RICHARDS BAY SAYS 46% OF COAL EXPORTS WENT TO EUROPE
Richards Bay Coal Terminal, through which almost all of South Africa’s coal exports are routed, said 46 percent of the coal it exported in 200 ...
Wednesday, 06 January 10
CHINA-AUSTRALIA INVESTMENT TIES SEEN IMPROVING IN 2010
Australia and China showed a united front in a bid to improve investment ties as they signed a $3-billion coal deal on Wednesday, following a rocky ...
Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010
The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday.
Bambang Setiawan, the director general of mineral r ...
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- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
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- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
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- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
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- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
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