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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, 03 December 09
PROLONGED COAL MARGIN SQUEEZE AHEAD - WESCOAL
Mining Weekly reported that, Coal junior Wescoal foresees a continued margin squeeze ahead. The JSE AltX-listed company's gross margin was reduced ...
Tuesday, 01 December 09
COAL DEMAND REBOUNDING FROM DOWNTURN - U.S. MINING EXECS
The coal industry is slowly rebounding from last year's recession with demand and prices inching upward, although inventories at U.S. power ...
Tuesday, 01 December 09
INDONESIA COAL OUTPUT SEEN LIFTED BY CHINA, INDIA
Reuters reported that, Indonesia's coal output is expected to grow by as much as 12 percent in 2010, boosted by demand from power hungry China and ...
Monday, 30 November 09
NTPC SCOUTS FOR MORE COAL BLOCKS IN INDONESIA
State-run National Thermal Power Corporation (NTPC) today said it has identified three more coal blocks in Indonesia for acquisition.
"We ha ...
Monday, 30 November 09
THE FUTURES FOR THREE YEARS (2010-2012) WAS SOFT COMPARED TO LAST WEEK - VISTAAR SINGAPORE
COALspot.com (Singapore): BDI continued to drop this week and touched below 4,000 mark level. The drop in BDI was almost 12 pct and closed at 3,975 ...
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- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Posco Energy - South Korea
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
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- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
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- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
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- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
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- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Planning Commission, India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
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