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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, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 92.07 PER TON FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has released Indonesian coal price reference (HBA) for Month of M ...
Monday, 24 May 10
PAMA TO CLOSE COALS ACQUISITION IN 2010
Insider Stories reported that, Indonesia's largest coal mining contractor PT Pamapersada Nusantara, subsidiary of PT United Tractors Tbk (UNTR), wi ...
Sunday, 23 May 10
SINGARENI LEVIES PREMIUM TO BALANCE COAL DEMAND - BUSINESS STANDARD
Business-Standard reported that, In view of the rising demand for coal, Singareni Collieries Company Limited has recently levied a premium on c ...
Saturday, 22 May 10
THE BRENT CRUDE PRICES WAS SHARPLY DOWN AT US$ 71.72 PER BARREL - VISTAAR SHIPPING
COALspot.com: The freight market was under pressure with the caps size index down by 10 pct with uncertainty in Europe crisis continuing.
The BD ...
Saturday, 22 May 10
PORT CONGESTION IN AUSTRALIA HELPING RATES CHINA COAL IMPORT BOOM TO CUSHION FREIGHT RATES
China's record coal imports this year will provide some support to freight rates but growing pressure from fleet oversupply is set to limit gains. ...
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- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
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- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
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- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
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- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
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- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Wilmar Investment Holdings
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- Kohat Cement Company Ltd. - Pakistan
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- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
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- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
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- Mintek Dendrill Indonesia
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- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
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- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
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- Australian Coal Association
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- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
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- Parry Sugars Refinery, India
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- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Economic Council, Georgia
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Planning Commission, India
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- The University of Queensland
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
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