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Thursday, 29 April 10
KANGAROO RESOURCES INKS KEY COAL EXPORT CONTRACT WITH YUDEAN FARNON - PROACTIVE INVESTORS
 Proactive Investors reprted that, Kangaroo Resources has secured an initial export sales contract for coal from the company’s operating coal projects located in East Kalimantan, Indonesia.
The agreement, which has been signed with a large Chinese energy company, Guandong Yudean Farnon Investment Co. Ltd (Yudean Farnon), involves the provision of three trial shipments containing a total of 150,000 tonnes of coal over a two-month period.
Upon successful completion of these shipments, KRL intends to extend this agreement to cover additional tonnages of coal.
The company said the price negotiated for the coal is very competitive and is based on a formula reflecting fluctuation of the Chinese Coal Index.
This represents significantly better value than pricing taken from the local Indonesian market and will provide KRL with a valuable income stream as it continues to ramp-up production from its Indonesian coal portfolio.
Importantly, the agreement is non-exclusive, with KRL able to consider other off-take partners. With this in mind, the company is continuing in its discussions with other potential partners to further promote the company’s long-term strategic objectives.
KRL Managing Director Mark O’Keeffe said the signing of the export sales contract was a milestone event for the company which would provide valuable revenue as well as an entry to the Chinese export market.
“This initial sales contract with Yudean Farnon provides a strong foundation from which we can continue to ramp up the mining and export of coal from our operations in Kalimantan in Indonesia."
“We are also very pleased to be associated with an organization of the size and prestige of Yudean Farnon, which gives us an important foothold in the dominant Chinese market."
“We are confident that this deal will be very successful and we look forward to a long and mutually beneficial relationship with Yudean Farnon,” he added.
Yudean Farnon Managing Director Mr Chen stated “Kangaroo Resources Ltd represents a dynamic young company that has significant coal assets in Indonesia."
"Yudean Farnon is delighted to start a relationship with KRL and it hopes that the partnership will continue to grow as KRL builds its production ramp up,” Chen said.
KRL has focussed over the past Quarter on taking the Mamahak Coal Project into production in anticipation of delivering into an export coal sales agreement.
To date, the company has added over 20,000 tonnes of fresh coking coal to the run-of-mine (ROM) stockpile at Mamahak, in addition to the ~30,000 tonnes of coal inherited in the acquisition of this project.
An additional 15,000-20,000 tonnes of coal has been exposed at Mamahak and is ready to be mined and added to the stockpile.
This coal represents the bulk of the Mamahak coal product that will be required for the initial sales contract to Yudean and KRL is currently in the process of transporting the coal from stockpile down the Mamahak River to the Balikpapan Coal Terminal for export.
Source: Proactive Investors
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Monday, 07 February 11
RICHARDS BAY COAL TERMINAL EXPORTS SURGE, BUOYED BY ECONOMIC DEVELOPMENT IN CHINA AND INDIA
COALspot.com - Richards Bay Coal Terminal (RBCT) announced today that 2010 exports have exceeded the last two years’ performance, said in a re ...
Monday, 07 February 11
RBCT SHIPPED 28.67 PERCENT LESS COAL IN JANUARY
COALspot.com - Richards Bay Coal Terminal (RBCT) is the single largest export coal terminal in the world, shipped 4,389,925 MT of coal in January 20 ...
Sunday, 06 February 11
THE PANAMAX & SUPRAMAX FUTURES FOR 2011-2013 WAS AT AROUND US$ 16,500 & US$ 15,000 PER DAY RESPECTIVELY
COALspot.com - With the Chinese new year holidays this week, the market has been fairly quite as expected.
The BDI saw a bigger drop compared to ...
Saturday, 05 February 11
INDONESIAN ENERGY MINISTER HAS SIGNED A DECREE FOR COAL TRANSPORTATION PERMITS ON FRIDAY
COALspot.com - Minister of Energy, Darwin Minister Saleh said, that, he had signed a decree for transportation and sale of coal, which was the ...
Saturday, 05 February 11
ANCHORAGE LOADING POINT MOVED TO MUARA JAWA
COALspot.com - The Ministry of Transportation Republic Indonesia has announced that, the loading point at Muara Berau, East kalimantan h ...
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- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Tata Chemicals Ltd - India
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
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