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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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Wednesday, 15 September 10
VIETNAM TO IMPORT UP TO 15 MLN TONS COAL/YR BY 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Vietnam will need to import 3 million to 15 million tons of coal a year by 2015, rising to 21 million to 40 million ...
Tuesday, 14 September 10
MID HIGH TEENS FROM WCI, AND HIGH TEENS FROM ECI TO CHINA - BRS
A fairly flat market for the dry bulk segments this week, although the Panamaxes jumped on the back of strong grain exports in the Atlantic. It ...
Tuesday, 14 September 10
HIGH CHARTERING ACTIVITY NEEDS TO KEEP UP FOR DRY BULK RATES TO REMAIN HIGH
Last week’s increase of spot chartering activity pushed dry bulk freight rates to new highs, after a less than lackluster summer. As a result, ...
Monday, 13 September 10
GLENCORE BUYS STAKE IN MINER BUMI
The Jakarta globe reported that, Switzerland-based Glencore International, the world’s largest commodities trader, has quietly acquired a $200 ...
Monday, 13 September 10
IT'S JAI INDONESIA FOR OUR POWER FIRMS
Indian power producers have been compelled to look abroad for fuel to run upcoming facilities, as domestic generation is unlikely to be able to meet ...
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- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- PTC India Limited - India
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
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