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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, 16 December 09
COAL MARKETS 2010 CONFERENCE - PRESS RELEASE
COALspot.com (Singapore) Press Release – Back for the 8th year, Coal Markets 2010 will be taking place in Singapore on 28 – 29 Jan ...
Wednesday, 16 December 09
CHINA 2010 COAL TERM PRICES SEEN RISING 8% ON YEAR
Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year's levels, as demand for power has been roaring ba ...
Wednesday, 16 December 09
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL INTERESTS
Emerging coal producer Kangaroo Resources has significantly enhanced its production pipeline in Indonesia after reaching agreement to acquire a coki ...
Wednesday, 16 December 09
UAE'S RAS AL KHAIMAH TO INVEST $5.2B IN EAST KALIMANTAN PROJECT
Shrugging off neighbor Dubai’s debt problems, the smaller United Arab Emirate of Ras Al Khaimah announced on Tuesday that it would increase it ...
Wednesday, 16 December 09
COECLERICI EYES SECOND RUSSIA COAL MINE
* CEO says "seriously considering" mid-small size purchase
* Will use mine to increase exports to Asia
* Says delays at ports will not c ...
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- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- VISA Power Limited - India
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- PTC India Limited - India
- Planning Commission, India
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
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