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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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Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
Thursday, 28 January 10
COAL - VIETNAM / TRADE
Vietnam expects to turn into a coal importer within three years, spurred by an industrial boom and rising power consumption, a senior executive with ...
Thursday, 28 January 10
JAPAN STEELMAKERS OPPOSE QUARTERLY COAL CONTRACTS
Japanese steelmakers oppose miner BHP Billiton's attempt to switch to quarterly contracts from annual deals for supplying coal, as the change would ...
Thursday, 28 January 10
BHP MAY SELL 25% STAKE IN INDONESIAN COAL PROJECT
BHP Billiton Ltd. plans to sell only a 25 percent stake in a coal project in Indonesia as it wants to retain control of the asset, said Indra Dianna ...
Thursday, 28 January 10
TRANSNET ASPIRES TO 81MT/Y COAL EXPORT CAPACITY
South African State-owned rail transport enterprise Transnet wants to increase coal-line rail capacity to 81-million tons a year as part of its Quan ...
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- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Eastern Energy - Thailand
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
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