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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, 11 October 10
INDONESIAN POWER PLANTS AND OTHER INDUSTRIES TO BURN 78.97 MLN TONS OF COAL IN 2011
COALspot.com: The Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree 2360 K/30/MEM/ 2010 related to Domestic mark ...
Monday, 11 October 10
COAL IMPORTS TO START IN 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Viet Nam is now likely to import coal only from 2015, not 2013 as earlier forecast since many thermal power pl ...
Monday, 11 October 10
OCTOBER INDONESIAN COAL PRICE REFERENCE UP BY 2.92 PERCENT
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Saturday, 09 October 10
MPPGCL SEEKS TO BUY 0.40 MLN MT OF COAL FOR ITS THERMAL POWER STATIONS
COALspot.com: India's Madhya Pradesh Generating Company Limited (MPPGCL), Jabalpur, Madhya Pradesh invites bidders through tender 07-03/Import/Coal ...
Saturday, 09 October 10
FREIGHT MARKET IS EXPECTED TO FIRM UP NEXT WEEK CAPT REDDY
COALspot.com: Inspite of Chinese holidays the BDI was up by 10 pct and closed at 2,696 points. The cape index shot up to 20 pct and closed at 4,076 ...
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- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Australian Coal Association
- VISA Power Limited - India
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
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