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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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Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
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- Commonwealth Bank - Australia
- Australian Coal Association
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- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
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- Coal and Oil Company - UAE
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- The University of Queensland
- VISA Power Limited - India
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- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
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- Standard Chartered Bank - UAE
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- Larsen & Toubro Limited - India
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- CIMB Investment Bank - Malaysia
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- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
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- Formosa Plastics Group - Taiwan
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- Sakthi Sugars Limited - India
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- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
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- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
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- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
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- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
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- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
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- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
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- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
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- Singapore Mercantile Exchange
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- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
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- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
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- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Xindia Steels Limited - India
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- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
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- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
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- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
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- Antam Resourcindo - Indonesia
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- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
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- IEA Clean Coal Centre - UK
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- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
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- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- PTC India Limited - India
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- Planning Commission, India
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- MS Steel International - UAE
- Meralco Power Generation, Philippines
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