Churchill finds possible offtake for East Kutai project
miningweekly.com
By: Esmarie Swanepoel
21st April 2009
JOHANNESBURG (miningweekly.com) – Aim-listed Churchill mining has reported that its wholly owned subsidiary, PT Indonesia Coal Development (ICD), has been selected as a prospective thermal coal supplier to Indonesia’s PT Cirebon Electric Power (CEP), which was building a 660-MW power plant, in West Java.
Churchill Mining, through ICD, was developing the East Kutai coal project (EKCP) in East Kalimantan, which has a joint ore reserves committee resource of 1,4-billion tons of thermal coal.
CEP has confirmed in a letter to ICD that after evaluating its coal specification, ICD has been registered on its list of qualified coal suppliers for the power plant, which was due to start operations in 2011.
CEP has previously indicated that the power plant will require up to three-million tons of coal a year, for the next 30 years under a contract with the state electricity firm Perusahaan Listrik Negara.
The registration entitles ICD to bid to supply coal to the power plant when it is required. In order to remain qualified to bid for the supply contract, ICD would provide data on an ongoing basis. |
