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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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Wednesday, 07 October 20
U.S. COAL PRODUCTION TO DECREASE BY 26 PERCENT IN 2020 COMPARED TO 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 525 million short tons (MMst), compared with 705 MMst in 2019, a 26% decrease.
COVID-19 a ...
Wednesday, 07 October 20
MARKET INSIGHT - INTERMODAL
The challenges brought forward in 2020 proved to be very different from what we could have ever imagined. Together with placing a significant strai ...
Tuesday, 06 October 20
KOSPO TO IMPORT 80,000 MT OF 3,800 NCV COAL FOR 2H NOV
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 MT Min.3800 kcal/kg NCV coal 2H November, 2020 l ...
Friday, 02 October 20
THE INDONESIA COAL PRICE REFERENCE RISE AFTER HISTORIC CRASH TO US$ 49.42
COALspot.com: The Indonesia Coal Price Reference for the month of October Rise to US$ 51.00 after historic crash to US$ 49.42 in September 2020.
...
Friday, 02 October 20
SRI LANKA MUST LEARN LESSONS FROM AROUND ASIA TO AVOID FURTHER ELECTRICITY CRISES - IEEFA
Overcommitment to fossil-fuelled power generation is leading to excess capacity and rising capacity payments, subsidies, and tariffs around the con ...
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- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Deloitte Consulting - India
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- MS Steel International - UAE
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- The University of Queensland
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- PTC India Limited - India
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Planning Commission, India
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
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