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Friday, 20 August 10
OVERSEAS AND GENERAL SUBSIDIARY INKS US$52M JONGKANG COAL SALES CONTRACT - PROACTIVE INVESTORS
 Proactive Investors reported that, overseas and General (ASX: OGL) has reported that its Indonesian majority owned subsidiary, PT OGL Indotrade, has entered into a binding offer for the sale of its premium quality Jongkang coal with a Chinese power utility.
This is a final step prior to executing a sales contract for the supply of 50,000 tonnes per month commencing September 2010 at an FOB vessel price of U$80 per tonne for 6,300 cal/kg GCV coal.
Jack Tan, chairman, said the coal sales will provide OGL Indotrade with a revenue stream of $52 million per annum and has the capacity to transform OGL into a successful coal player.
Bonuses and penalties exist for any variation of coal quality. Following the successful delivery of a 40,000 tonne trial cargo, the contract will have a 12-month term.
The Jongkang Coal Mine is located near Tenggarong in East Kalimantan, Indonesia. The lease is a 94-hectare IUP Exploitation with all permits in order for immediate mine operations.
Jongkang’s 25,000 tonnes per month product will be complemented by the purchase of coal from a neighbouring supplier, to allow the company to sell 50,000 tonnes per month from September 2010.
The resultant operation will provide the company with revenues of U$4.0 million per month or U$52 million per annum.
Jongkang coal is a premium product with adb GCV 6950 cal/g, 2% ash and 0.7% sulphur. It will be blended down to GCV 6300 to meet the required Chinese specifications, commanding a strong sales price.
OGL's joint venture arrangement in Indonesia is with Malaysian owned group, Golden Focus Group Limited (Hong Kong) and their Indonesian entity, PT Indotrade Resources, which is a successful coal miner in Indonesia producing around 2mtpa of export grade steaming coal from East Kalimantan to China and Korea.
PT OGL Indotrade Resources has rights to mine and sell coal from the Rahmat, Jongkang, Pagar and Jambi coal tenements.
OGL aims to become a medium sized producer of metallurgical and steaming coal in Australia and Indonesia, both major coal producing nations.
Source: Proactive Investors
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Saturday, 18 September 10
ECI / CHINA FREIGHT ROUTE DOWN BY 1.22 PCT OR US$ 225 PER DAY AND CLOSED AT US$ 18,123 PER DAY - VISTAAR
COALspot.com: The BDI was under pressure this week and was almost down by 11 pct and closed at 2676 points.
The Cape and Panamax index was almost ...
Friday, 17 September 10
CWP COAL WASHING PLANTS MACHINERY LANDS ON RUSSIAN MARKET!!
Press Release: CWP Coal Washing Plants Machinery Industry & Trade Co. which was founded in 1990, has been operating in Izmir with its closed pro ...
Friday, 17 September 10
FREIGHT RATES TO DECLINE FURTHER - ICICI SEC
Broking firm ICICI Securities said tanker freight rates reported a sharp drop with rates of Suezmax and Aframax carriers declining by 16% to USD 8,6 ...
Friday, 17 September 10
R-POWER, ADANI, GMR TO BID FOR $1-BN MINE
Reliance Power, Adani Power and GMR are in the race for a coal mine asset in Australia. The valuation of the asset is close to $1 billion (Rs 4,600 ...
Thursday, 16 September 10
RPG GROUP BUYS 10% IN AUSSIE COAL FIRM RESOURCE GENERATION
Dealcurry reported that, India's RPG Group's Integrated Coal Mining Limited (ICML) has acquired 10% stake (18,268,053 shares) in Resource Generati ...
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- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
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