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Thursday, 29 April 10
KANGAROO RESOURCES INKS KEY COAL EXPORT CONTRACT WITH YUDEAN FARNON - PROACTIVE INVESTORS
 Proactive Investors reprted that, Kangaroo Resources has secured an initial export sales contract for coal from the company’s operating coal projects located in East Kalimantan, Indonesia.
The agreement, which has been signed with a large Chinese energy company, Guandong Yudean Farnon Investment Co. Ltd (Yudean Farnon), involves the provision of three trial shipments containing a total of 150,000 tonnes of coal over a two-month period.
Upon successful completion of these shipments, KRL intends to extend this agreement to cover additional tonnages of coal.
The company said the price negotiated for the coal is very competitive and is based on a formula reflecting fluctuation of the Chinese Coal Index.
This represents significantly better value than pricing taken from the local Indonesian market and will provide KRL with a valuable income stream as it continues to ramp-up production from its Indonesian coal portfolio.
Importantly, the agreement is non-exclusive, with KRL able to consider other off-take partners. With this in mind, the company is continuing in its discussions with other potential partners to further promote the company’s long-term strategic objectives.
KRL Managing Director Mark O’Keeffe said the signing of the export sales contract was a milestone event for the company which would provide valuable revenue as well as an entry to the Chinese export market.
“This initial sales contract with Yudean Farnon provides a strong foundation from which we can continue to ramp up the mining and export of coal from our operations in Kalimantan in Indonesia."
“We are also very pleased to be associated with an organization of the size and prestige of Yudean Farnon, which gives us an important foothold in the dominant Chinese market."
“We are confident that this deal will be very successful and we look forward to a long and mutually beneficial relationship with Yudean Farnon,” he added.
Yudean Farnon Managing Director Mr Chen stated “Kangaroo Resources Ltd represents a dynamic young company that has significant coal assets in Indonesia."
"Yudean Farnon is delighted to start a relationship with KRL and it hopes that the partnership will continue to grow as KRL builds its production ramp up,” Chen said.
KRL has focussed over the past Quarter on taking the Mamahak Coal Project into production in anticipation of delivering into an export coal sales agreement.
To date, the company has added over 20,000 tonnes of fresh coking coal to the run-of-mine (ROM) stockpile at Mamahak, in addition to the ~30,000 tonnes of coal inherited in the acquisition of this project.
An additional 15,000-20,000 tonnes of coal has been exposed at Mamahak and is ready to be mined and added to the stockpile.
This coal represents the bulk of the Mamahak coal product that will be required for the initial sales contract to Yudean and KRL is currently in the process of transporting the coal from stockpile down the Mamahak River to the Balikpapan Coal Terminal for export.
Source: Proactive Investors
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Tuesday, 30 March 10
PRICES FOR COKING COAL, IRON ORE TO SOAR AMID BURGEONING STEEL DEMAND: SCOTIABANK
Winnipeg Free Press reported that, Strong steel demand from China and a recovery in the developed world will push coking coal prices 56 per ce ...
Sunday, 28 March 10
DEMAND FROM INDIA RESHAPING THE GLOBAL COAL MARKET - DAVE FOREST
Attention international coal industry. There's a new kid on the block.
The nation of India.
India is emerging as a major re-shaping force for ...
Sunday, 28 March 10
SHIPS FROM WC INDIA TO CHINA CONTINUED TO BE FIXED AT HEALTHY LEVELS AT AROUND US$ 50/52,000 PER DAY - VISTAAR
COALspot.com: The dry bulk freight market seemed to be heading for a correction with all the indices dropping by 8-10 pct except for handy size whic ...
Saturday, 27 March 10
CHINA DROUGHT MAY RAISE COAL DEMAND, BOOST PRICES, CLSA SAYS - BLOOMBERG
Bloomberg reported that, Droughts in southwest China may increase demand for coal used in power plants, and ‘support” prices in the &ldq ...
Saturday, 27 March 10
CHINA TO REMAIN NET COAL IMPORTER IN NEAR FUTURE - STEEL GURU
Xinhua News cited Mr Wu Chenghou a councilor with the China Coal Transportation and Marketing Association as saying that China will remain a net coa ...
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- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Minerals Council of Australia
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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