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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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Friday, 10 February 12
TONNAGE KEEPS ON COMING - DREWRY
Drewry Maritime Research’s latest edition of its Dry Bulk Forecaster pulls no punches in its assessment of a market that looks certain to cont ...
Friday, 10 February 12
GIVE PERMIT POWERS TO GOVERNORS: MINERS - THE JAKARTA POST
The Jakarta Post reported that, following clashes between mining companies and local residents, the Indonesian Mining Association (IMA) wants to tra ...
Thursday, 09 February 12
AUSTRALIA'S EPIC TO ACQUIRE 15,500 HA COAL EXPLORATION LICENCES IN EAST KALIMANTAN, INDONESIA
COALspot.com - Epic Resources Limited to acquire two coal concessions in Kutai Barat regency, East Kalimantan, Indonesia.
According to company's ...
Thursday, 09 February 12
RESOURCE ALAM BUYS 28,521HA CONCESSIONS - INSIDER STORIES
Insider Stories reported that, PT Resource Alam Indonesia Tbk (KKGI), owned by Adijanto family, today announced acquisition of 75% interest in PT Ka ...
Tuesday, 07 February 12
DRY BULK MARKET FINALLY STOPS DECLINE, POSTS FIRST RISE IN MORE THAN A MONTH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After falling to near record lows, not seen since the mid-80s the dry bulk market has finally stopped its path to "hell", with the industr ...
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- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- VISA Power Limited - India
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
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