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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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Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points ...
Saturday, 28 August 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS FIRM FOR CAPE AND PANAMAX VESSELS - VISTAAR
COALspot.com: The freight market appeared to be heading for correction with the indices coming off during later part of the week. The BDI closed 44 ...
Saturday, 28 August 10
KRISHNAPATNAM PORT SETS AN ALL INDIA COAL DISCHARGE RECORD
COALspot.com: Krishnapatnam Port has established all new record for coal discharged in India using the conventional system of coal unloading for por ...
Friday, 27 August 10
PAKISTAN WILL IMPORT 8 TO 10 PERCENT MORE COAL IN 2011
COALspot.com: Pakistan to import 4 million ton of coal in 2011 up by 8-10 percent compare to this year’s imports. "Pakistan's tota ...
Thursday, 26 August 10
CHARTERERS SWITCHING FROM PANAMAX TO CAPE STEMS DUE TO CAPE FALL
Handy
The activity picked up in the Atlantic with more enquiries seen for short period tonnage for end August/beg September - As the grain season ...
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- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Planning Commission, India
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Minerals Council of Australia
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
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