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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, 07 January 10
INDONESIAS COAL OUTPUT MAY RISE TO 309 MILLION TONS IN 2014 - BLOOMBERG
Indonesia’s coal production may rise to 309 million tons by 2014 from an estimated 250 million tons this year, Bambang Setiawan, director-gene ...
Wednesday, 06 January 10
RICHARDS BAY SAYS 46% OF COAL EXPORTS WENT TO EUROPE
Richards Bay Coal Terminal, through which almost all of South Africa’s coal exports are routed, said 46 percent of the coal it exported in 200 ...
Wednesday, 06 January 10
CHINA-AUSTRALIA INVESTMENT TIES SEEN IMPROVING IN 2010
Australia and China showed a united front in a bid to improve investment ties as they signed a $3-billion coal deal on Wednesday, following a rocky ...
Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010
The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday.
Bambang Setiawan, the director general of mineral r ...
Wednesday, 06 January 10
SAS 2009 COAL EXPORTS THROUGH RBCT FLAT AT 61MT
Exports through South Africa’s Richards Bay Coal Terminal (RBCT) remained flat in 2009, as the terminal faced “critical business challen ...
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- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Central Electricity Authority - India
- The Treasury - Australian Government
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
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