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Wednesday, 13 January 10
KANGAROO RESOURCES KICKS OFF INDONESIAN COAL PRODUCTION
 Coal-focused company Kangaroo Resources has formally joined the ranks of international coal operators after wrapping up the delivery and sale of the first thermal coal products in Indonesia.
The company has delivered its first 4,200 tonne coal to the Cahaya Fajar Kaltim power station in East Kalimantan on schedule, achieving the first operations objective within its extensive portfolio of thermal and coking coal projects on schedule.
It has sold this coal as part of a competitive tender process whereby established to supply greater volumes of coal in months ahead as the ramping of the GPK Project accelerates. Kangaroo will be working to provide a consistent supply of thermal coal into this tender over the term of the contract.
During the morning trade, shares in Kangaroo jumped 1.5c, or 7.1%, to 22.5c.
Indonesian coal production has increased in recent years, with the country currently the world's third largest exporter of steaming coal after Australia and China. According to the 2008 BP Statistical Energy Survey, Indonesia had end 2007 coal reserves of 4328 million tonnes.
Kangaroo chairman Mark O'Keefe said achieving the first coal delivery and sale within the very tight deadline was an exceptional achievement.
"The next step for the company is to review its operational to realise efficiences and greater margin, while at the same time continuing to ramp up production from the GPK Project to achieve our production targets and progress the Mamahak Project into full-scale production," Mr O'Keefe said.
"This marks the achievement of another significant milestone for the company."
The GPK Project is targeted to produce up to 100,000 tonnes of thermal coal per month by early 2011 and ultimately up to 3-4 million tonnes per annum by 2012. The development of site infrastructure is progressing to allow effective increase in production to meet the scheduled operation targets and will continue throughout the first half of 2010.
Mr O'Keefe said the company's budgeted operating margins on GPK coal sales were consistent with the current sale tender and the Company will be working to realise efficiences in all aspects of the operations in order to maintain or increase this margin.
The commencement of coal operations at GPK represents the first key milestone in the company's production strategy, which is based on achieving production from 2-3 projects this year. To read more Proactive Investors
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Saturday, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week including the stock markets. The main reason seems to be Chinese ne ...
Saturday, 06 February 10
COAL MINISTRY SEEKS CUT IN IMPORT DUTY
The coal ministry wants the finance ministry to reduce the 5.1% import duty on thermal coal and continue with the existing zero import duty on cokin ...
Friday, 05 February 10
IN 2010, CHINA COAL OUTPUT TO REACH AROUND 3.3BLN T
It is expected that China's coal production in 2010 will reach around 3.3bln tons. It is predicted that in the first quarter of 2010, the tight coa ...
Thursday, 04 February 10
INDIA REMAINS FIRM - FEARNRESEARCH
CHARTERING - DRY BULK
Handy
The BSI has continued it´s downward movement for 2 weeks now.Nevertheless activity in the atlantic remains bu ...
Thursday, 04 February 10
INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
IPFA TO JOIN INF ...
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- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
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- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- CNBM International Corporation - China
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- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
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- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
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- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
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- London Commodity Brokers - England
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- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
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- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- MS Steel International - UAE
- Medco Energi Mining Internasional
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- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
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- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
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- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
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- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Parliament of New Zealand
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- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
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- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
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- New Zealand Coal & Carbon
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- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
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- Energy Link Ltd, New Zealand
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
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- Alfred C Toepfer International GmbH - Germany
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- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
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- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- The University of Queensland
- Carbofer General Trading SA - India
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