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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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Tuesday, 12 January 10
COAL PRICE FORECAST RAISED AT ANZ ON STRONGER CHINESE DEMAND
Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from Chin ...
Tuesday, 12 January 10
BUMIS SALE CONTRACT ONLY REACHED 35 PERCENT
PT Bumi Resources has only completed 35 percent if its coal sale contract this year. “More than 65 percent of our sale volume did not have a c ...
Monday, 11 January 10
THE MARKET IS LIKELY TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market for the first week of the year was quite active and the market especially in the Panamax and Supramax s ...
Monday, 11 January 10
CHINAS COAL EXPORT MAY DECLINE 50% IN 2009
Preliminary data released by China's General Administration of Customs (GAC) on Wednesday showed that China's coal export reached 2.05 million ton ...
Saturday, 09 January 10
THE FAR EAST MARKET STARTED TO STABILIZE - FEARNLEYS
Handy
The FEAST market started to stabilize after the quite holidays and we saw growing activity fed by Chinese coal and iron ore imports and Indi ...
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- Toyota Tsusho Corporation, Japan
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- Maharashtra Electricity Regulatory Commission - India
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- Edison Trading Spa - Italy
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- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
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- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
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- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
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- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
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- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
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- Grasim Industreis Ltd - India
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- Metalloyd Limited - United Kingdom
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- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
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- Agrawal Coal Company - India
- The University of Queensland
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
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- Economic Council, Georgia
- Central Electricity Authority - India
- Wilmar Investment Holdings
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- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
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- Merrill Lynch Commodities Europe
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- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
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- Ministry of Transport, Egypt
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- Minerals Council of Australia
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- SMG Consultants - Indonesia
- White Energy Company Limited
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- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
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- Larsen & Toubro Limited - India
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- The State Trading Corporation of India Ltd
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