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Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
 Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra, Indonesia.
The agreement was made through its majority owned Indonesian joint venture company, PT OGL Indotrade Resources, with the owners of PT Sembilan Setia Mitra (SSM).
The lease covers an area of 1,204 hectares in the West Tanjung Jabung district and complements OGL’s existing Jambi properties of Chandra and Sokki, giving a total of 2,121 hectares of contiguous lease area.
Importantly, there is a 23 kilometre road from the lease area to the Pelabuhan Taman Raja port site on the Pengabuhan River, which has open barge passage to the ocean.
The river is capable of handling barges up to 275 feet, though as the river is tidal, a maximum of 7,000 tones of coal could be loaded.
Coal would be barged directly to market destinations within Indonesia or to neighbouring Malaysia or Thailand, as is the practice of other operators who currently use this port and other Jambi ports.
An initial small payment has been made to secure the contract and a royalty will be paid to the owner through the life of the project, with no other payments necessary.
Several manually dug test pits and eight shallow holes have been drilled near outcropping coal. Coal intersections are reported up to 2.5 meters in thickness.
Quality information shows the coal is a high energy, marketable steaming product with the following characteristics: inherent moisture % 7 - 9, ash % adb 3 - 12, sulphur % adb 1.1 - 1.8, and gross calorific value cal/gm adb 6,180 – 6,765.
The high energy content of the coal means it will be a sought after product in both domestic and export markets.
OGL Indotrade will commence detailed exploration work in the lease during the first quarter of 2011 and a resource target of up to five million tonnes of high energy, shallow thermal coal is projected.
If adequate reserves of coal are determined through exploration and feasibility works, OGL expects to develop a mining operation at Jambi during the second half of 2011, becoming its second mining operation in Indonesia.
About Overseas and General
Overseas and General (ASX: OGL) is a public company listed on both the Australian Stock Exchange and on CLOB International, Singapore. The Company had previously been involved in agribusiness and bio-fuels. OGL is taking advantage of the current strength in the commodities markets worldwide with the objective of becoming a medium sized producer of metallurgical and steaming coal in Australia and Indonesia, both major coal producing nations.
Source: Proactive Investors
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Thursday, 30 December 10
DRY BULK MARKET STAYS SUBDUED AT THE END OF 2010 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011. On one hand ...
Thursday, 30 December 10
KANGAROO RESOURCES BUYS INDONESIAN COAL COMPANY
Australian-listed Kangaroo Resources Ltd. said Wednesday it will buy 99% of the Pakar thermal coal project in East Kalimantan, for A$277 million thr ...
Wednesday, 29 December 10
WEATHER IMPACTS RIO TINTO COAL AUSTRALIAS QUEENSLAND OPERATIONS
Press Release - As a result of severe monsoonal rain in central and northern Queensland, force majeure has been declared on coal sales contracts fro ...
Monday, 27 December 10
ANALYSIS: CHINA'S COAL PRODUCTION MISMATCHED WITH DOMESTIC DEMAND
As reported by iStock Analyst, China's coal market has been trapped in a strange cycle. Large coal production bases are facing overcapacity, while ...
Monday, 27 December 10
HUNT FOR OVERSEAS COAL ASSETS TO INTENSIFY - FINANCIAL EXPRESS
Financial Express reported that, With the Indian economy back on the track after the slowdown, merger and acquisition (M&A) activities in the re ...
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- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Australian Coal Association
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Minerals Council of Australia
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Aditya Birla Group - India
- PTC India Limited - India
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
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