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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, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. sai ...
Monday, 07 December 09
JSW STEEL TO SELL MOZAMBIQUE COAL MINE FOR RS 300 CRORE
JSW Steel may sell its coal mine in Mozambique to sister company JSW Energy as the mine has become commercially unviable for the steel producer, a t ...
Monday, 07 December 09
BLACK RIDGE MINING ENTERS AGREEMENT WITH INDONESIAN COAL PRODUCER
Australian-listed Black Ridge Mining has entered into an exclusive dealing and non-circumvention agreement with Indonesian coal producer PT. Inmas A ...
Sunday, 06 December 09
THE ECI / CHINA (S7) ROUTE SOFTENED AND WAS AT US$ 25,275 PER DAY - VISTAAR
COALspot.com (Singapore): "The market was bit soft in the beginning of the week, however towards mid week that market started to pick up and th ...
Sunday, 06 December 09
NEW MANGALORE PORT GETS UPCL'S FIRST COAL PARCEL FROM INDONESIA
The Lanco Group-promoted Udupi Power Corporation Ltd (UPCL) has received the first parcel of imported coal from Indonesia at the New Mangalore Port. ...
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- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- The University of Queensland
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
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