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Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
 Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra, Indonesia.
The agreement was made through its majority owned Indonesian joint venture company, PT OGL Indotrade Resources, with the owners of PT Sembilan Setia Mitra (SSM).
The lease covers an area of 1,204 hectares in the West Tanjung Jabung district and complements OGL’s existing Jambi properties of Chandra and Sokki, giving a total of 2,121 hectares of contiguous lease area.
Importantly, there is a 23 kilometre road from the lease area to the Pelabuhan Taman Raja port site on the Pengabuhan River, which has open barge passage to the ocean.
The river is capable of handling barges up to 275 feet, though as the river is tidal, a maximum of 7,000 tones of coal could be loaded.
Coal would be barged directly to market destinations within Indonesia or to neighbouring Malaysia or Thailand, as is the practice of other operators who currently use this port and other Jambi ports.
An initial small payment has been made to secure the contract and a royalty will be paid to the owner through the life of the project, with no other payments necessary.
Several manually dug test pits and eight shallow holes have been drilled near outcropping coal. Coal intersections are reported up to 2.5 meters in thickness.
Quality information shows the coal is a high energy, marketable steaming product with the following characteristics: inherent moisture % 7 - 9, ash % adb 3 - 12, sulphur % adb 1.1 - 1.8, and gross calorific value cal/gm adb 6,180 – 6,765.
The high energy content of the coal means it will be a sought after product in both domestic and export markets.
OGL Indotrade will commence detailed exploration work in the lease during the first quarter of 2011 and a resource target of up to five million tonnes of high energy, shallow thermal coal is projected.
If adequate reserves of coal are determined through exploration and feasibility works, OGL expects to develop a mining operation at Jambi during the second half of 2011, becoming its second mining operation in Indonesia.
About Overseas and General
Overseas and General (ASX: OGL) is a public company listed on both the Australian Stock Exchange and on CLOB International, Singapore. The Company had previously been involved in agribusiness and bio-fuels. OGL is taking advantage of the current strength in the commodities markets worldwide with the objective of becoming a medium sized producer of metallurgical and steaming coal in Australia and Indonesia, both major coal producing nations.
Source: Proactive Investors
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Tuesday, 17 November 20
AUSTRALIAN COAL EXPORTS TO CHINA SLUMP, BUT PRICES ARE MIXED - REUTERS
China’s unofficial ban on coal imports from Australia is starting to take its toll on volumes, with departing cargoes down sharply so far in ...
Friday, 13 November 20
SHIPPING OUTLOOK TURNS STABLE ON EBITDA GROWTH, IMPROVING SUPPLY-DEMAND BALANCE - MOODY’S
Outlook revised to stable from negative.
The global shipping industry is on course to perform better overall than we had previously ex ...
Friday, 13 November 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Monday, 09 November 20
INDONESIA MAY CUT BIODIESEL USE TARGET AS SUBSIDY FUND DEPLETES - FITCH
The Indonesian government may rein in its push to increase use of biodiesel as it now comes at higher cost following a fall in crude oil prices and ...
Monday, 09 November 20
SOUTH AFRICA: COAL MARKET CONDITIONS HAVE ' DETERIORATED MATERIALLY' - IEEFA
The Asian seaborne thermal coal pool is drying out
Resource Generation Ltd’s proposed but long delayed Boikarabelo coal mine i ...
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- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Marubeni Corporation - India
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Australian Coal Association
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- White Energy Company Limited
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
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