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Monday, 20 February 12
JATENERGY SECURES FIRST 8000-TONNE COAL SALES CONTRACT FOR JONGKANG MINES
 8000-tonne contract with Singaporean buyer signed for March delivery
50% down payment due in five working days
Production continues at both Jongkang I and Jongkang II mines
Energy company Jatenergy Ltd (ASX code JAT) announced today that it had secured its first coal sales contract from its two Jongkang mines in East Kalimantan, Indonesia.
Jatenergy’s Chief Executive Officer Phil Hodgson said: “Securing this first coal sale underscores buyer confidence in our ability to deliver reliable, good quality thermal coal from our operations,” CEO Phil Hodgson said on a press statement posted on company's web site.
The company’s Indonesian Chief Operating Officer Chris Flanagan further said that production was progressing well at both mines. “We are currently producing from both our Jongkang I and Jongkang II operations. Our on-site stockpile and readily accessible capped coal now totals about 15,000 tonnes.’The sales contract, for an 8000-tonne barge, had been reached with a Singaporean buyer. The key terms are a 50% total purchase price down-payment due in five working days, a market-based FOB price (based upon 6500 kCal/kg specification), 40% payment on barge loading in March and a 10% adjustment subject to cargo survey.
Jongkang I and Jongkang II have been developed in a JV arrangement with a local Indonesian partner. Jatenergy contributed the majority of the working capital costs of both projects (around US$1m) in return for 30% of the mining margin and the marketing rights to 100% of the production. The project is sited 5km from a stockpile, crushing and conveyor loading facility on the Mahakam River, about 25km from the coal shipping hub of Samarinda.
Jatenergy’s new Chairman Alan Broome said: “We have now proved that we can operate in Indonesia – an area with huge growth potential for our company. The revenue will be applied to our significant Katingan project in Central Kalimantan, as well as to secure and develop larger short-to-production projects now under review in Indonesia.”
About Jatenergy:
Jatenergy is a diversified energy company operating in Australia and Asia. It owns the rights to four coal projects in Indonesia’s Kalimantan coal region, as well as eight coal exploration permits and permit applications in Queensland’s Bowen and Galilee basins.
It also produces high quality crude jatropha oil from plantation operations in Central Java, Indonesia, for power production and the airline industry.
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Thursday, 15 March 12
RESOURCE ALAM FY11 PROFIT UP 171% - INSIDER STORIES
Insider Stories reported that, coal mining company PT Resource Alam Indonesia Tbk (KKGI) reported a 171.16% jump in net profit last year on the back ...
Wednesday, 14 March 12
GLOBAL THERMAL TRADE FLOW CHANGES WILL ENSURE SECURITY OF THERMAL COAL SUPPLY, ALBEIT AT A HIGH PRICE - WOOD MACKENZIE
Wood Mackenzie Says Global Thermal Trade Flow Changes Will Ensure Security of Thermal Coal Supply, Albeit At a High Price Seaborne thermal demand by ...
Wednesday, 14 March 12
COKAL TAKES ANOTHER STEP IN DEVELOPING INFRASTRUCTURE TO FACILITATE METALLURGICAL COAL PRODUCTION
Global coal group, Cokal Limited (ASX-CKA), has signed Memorandums of Understanding (MoU’s) to develop two river ports and two small scale coa ...
Tuesday, 13 March 12
CLARIFICATION OF GR 24 OF 2012 REQUIRING DIVESTMENT OF FOREIGN OWNERSHIP OVER TIME
ASX Announcement
Global metallurgical coal group, Cokal Limited (ASX-CKA), is responding to the recent announcement of the Indonesian Ministry of ...
Tuesday, 13 March 12
EUROPEAN COAL CONTANGO: FURTHER STEEPNESS REQUIRED TO MAKE LARGE SCALE PHYSICAL TIME SPREAD ARBITRAGE MORE ATTRACTIVE - MISWIN MAHESH, BARCLAYS CAPITAL
COALspot.com - "With the contango between the Y+1 and M+1 ARA delivered contract now averaging above the $14/t level, there is an increasing in ...
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- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- The University of Queensland
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- VISA Power Limited - India
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
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