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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, 24 December 09
DRY BULK CHARTERING - SHIPPING UPDATE
Handy
Continued firm conditions for the Handymax / Supramax market in the Atlantic despite the BSI´s downward trend. As chrs scramble to cov ...
Thursday, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
...
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- ICICI Bank Limited - India
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- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Planning Commission, India
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- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
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- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
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- McConnell Dowell - Australia
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- Cement Manufacturers Association - India
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- Sical Logistics Limited - India
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- Sinarmas Energy and Mining - Indonesia
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- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Economic Council, Georgia
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- Global Coal Blending Company Limited - Australia
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- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
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- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Minerals Council of Australia
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- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
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- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
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- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Sindya Power Generating Company Private Ltd
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- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Ministry of Mines - Canada
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
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- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
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- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
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- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
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