We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 22 April 10
INDONESIAN COAL PRICE REFERENCE FOR MARCH 2010 - US$ 86.64/T
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has begun publishing a monthly coal price reference (HBA) to be use ...
Thursday, 22 April 10
NEED TO IMPORT 82 MT COAL IN FISCAL - INDIA COAL MIN
Indian Express reported that, anxious to bridge the ever-widening gap between the rising demand for coal and its inadequate supply, the Coal Ministr ...
Thursday, 22 April 10
DRY CARGO DEMAND EXPECTED TO INCREASE, FAVORING HIGHER FREIGHT RATES
Increased dry bulk cargo demand is expected to become the norm in the coming weeks and months, according to analysts, which in turn should sustain f ...
Thursday, 22 April 10
INDIA'S BORL SEEKS TO BUY INDONESIAS LOW - SULFUR COAL
COALspot.com: Bharat Oman Refineries Ltd, a joint venture company (promoted by Bharat Petroleum Corporation Ltd, India and Oman Oil Company Lt ...
Wednesday, 21 April 10
INDONESIA SHIPPED 13.24 PERCENT MORE COAL IN MARCH THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 27,615,191 MT of coal in March 2010, compare to 24.38 million tons in January and ...
|
|
|
Showing 5866 to 5870 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Australian Coal Association
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- White Energy Company Limited
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
|
| |
| |
|
