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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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Thursday, 20 January 11
DRY BULK MARKETS FALL SEES NO END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Pundits indicating that the dry bulk market’s sentiment remains weak were justified, as the industry’s benchmark, the Baltic Dry Index ( ...
Wednesday, 19 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Tuesday, 18 January 11
MINISTRY SEEKS COAL FROM INDONESIA - SUNDAY OBSERVER
Sunday Observer reported that, Ministry of Power and Energy is to explore the possibilities of importing quality coal from Indonesia.
Minister Pa ...
Tuesday, 18 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Sunday, 16 January 11
STANCHART GLOBAL RESEARCH SEES COAL PRICE RISING ON SUPPLY DISRUPTION - BURSA MALAYSIA MARKET NEWS
Bursa Malaysia Market News reported that, Standard Chartered Global Research has upgraded its 2011 forecasts for global thermal coal prices based on ...
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- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Economic Council, Georgia
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
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