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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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Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...
Monday, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
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- Semirara Mining and Power Corporation, Philippines
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- Cement Manufacturers Association - India
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- Global Business Power Corporation, Philippines
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- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
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- Parliament of New Zealand
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- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
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- Coal and Oil Company - UAE
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- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
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- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
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- Xindia Steels Limited - India
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- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
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- Larsen & Toubro Limited - India
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- Economic Council, Georgia
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- Power Finance Corporation Ltd., India
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- The State Trading Corporation of India Ltd
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- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
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- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
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- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
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- Barasentosa Lestari - Indonesia
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- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
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- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
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- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
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- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
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- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Renaissance Capital - South Africa
- White Energy Company Limited
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
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- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
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- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Planning Commission, India
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
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- MS Steel International - UAE
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- Indian Energy Exchange, India
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- Thiess Contractors Indonesia
- The University of Queensland
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- Kohat Cement Company Ltd. - Pakistan
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- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
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- Pipit Mutiara Jaya. PT, Indonesia
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