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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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Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...
Tuesday, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...
Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...
Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands.
The Viet Nam Coal ...
Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...
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- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
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- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
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- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Planning Commission, India
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- New Zealand Coal & Carbon
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- London Commodity Brokers - England
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
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