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Monday, 20 February 12
JATENERGY SECURES FIRST 8000-TONNE COAL SALES CONTRACT FOR JONGKANG MINES
8000-tonne contract with Singaporean buyer signed for March delivery
50% down payment due in five working days
Production continues at both Jongkang I and Jongkang II mines
Energy company Jatenergy Ltd (ASX code JAT) announced today that it had secured its first coal sales contract from its two Jongkang mines in East Kalimantan, Indonesia.
Jatenergy’s Chief Executive Officer Phil Hodgson said: “Securing this first coal sale underscores buyer confidence in our ability to deliver reliable, good quality thermal coal from our operations,” CEO Phil Hodgson said on a press statement posted on company's web site.
The company’s Indonesian Chief Operating Officer Chris Flanagan further said that production was progressing well at both mines. “We are currently producing from both our Jongkang I and Jongkang II operations. Our on-site stockpile and readily accessible capped coal now totals about 15,000 tonnes.’The sales contract, for an 8000-tonne barge, had been reached with a Singaporean buyer. The key terms are a 50% total purchase price down-payment due in five working days, a market-based FOB price (based upon 6500 kCal/kg specification), 40% payment on barge loading in March and a 10% adjustment subject to cargo survey.
Jongkang I and Jongkang II have been developed in a JV arrangement with a local Indonesian partner. Jatenergy contributed the majority of the working capital costs of both projects (around US$1m) in return for 30% of the mining margin and the marketing rights to 100% of the production. The project is sited 5km from a stockpile, crushing and conveyor loading facility on the Mahakam River, about 25km from the coal shipping hub of Samarinda.
Jatenergy’s new Chairman Alan Broome said: “We have now proved that we can operate in Indonesia – an area with huge growth potential for our company. The revenue will be applied to our significant Katingan project in Central Kalimantan, as well as to secure and develop larger short-to-production projects now under review in Indonesia.”
About Jatenergy:
Jatenergy is a diversified energy company operating in Australia and Asia. It owns the rights to four coal projects in Indonesia’s Kalimantan coal region, as well as eight coal exploration permits and permit applications in Queensland’s Bowen and Galilee basins.
It also produces high quality crude jatropha oil from plantation operations in Central Java, Indonesia, for power production and the airline industry.
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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Planning Commission, India
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
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