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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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Tuesday, 11 May 10
DRY BULK RATES SHOOT UP ON STRONG CARGO DEMAND
The dry bulk industry’s benchmark, the Baltic Dry Index (BDI) has kept its momentum, as predicted by analysts and shipping experts, managing t ...
Saturday, 08 May 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND PANAMAX / $ 21500 & SUPRAMAX / $ 18500 PER DAY - VISTAAR SHIPPING
COALspot.com: The BDI continued to go up and was up by 7.57 pct even though the stock markets was severely affected with worries on Greek debt crisi ...
Saturday, 08 May 10
MAHAGENCO TO IMPORT 3.35 MILLION TON OF COAL
COALspot.com: Indian utility Maharashtra State Power Generation Co. Ltd. is in market for 3.35 million tones of imported coal. The purchase of coal ...
Saturday, 08 May 10
NAPOCOR BUYS 122,000 TONS COAL - ABC CBN NEWS
ABC - CBN News reported that, State-run National Power Corp. (Napocor) said on Thursday it awarded 2 contracts for the supply of a total 122,000 ton ...
Saturday, 08 May 10
RICHARDS BAY COAL SHIPMENTS FALL TO AN 11-MONTH LOW - BLOOMBERG
Bloomberg reported that, Coal shipments from Richards Bay Coal Terminal, Africa’s biggest export facility for the fuel, fell to an 11-month lo ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
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- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- White Energy Company Limited
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- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
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- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
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- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
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- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
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- Australian Coal Association
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- The State Trading Corporation of India Ltd
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- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
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- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
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- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
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- Semirara Mining and Power Corporation, Philippines
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- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
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- Heidelberg Cement - Germany
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- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
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- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
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- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
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- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
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- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
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