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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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Tuesday, 17 August 10
HANDIES AND SUPRAS WOKE UP AGAIN AFTER SEVERAL WEEKS OF LETHARGY - BRS
A spectacular increase in Cape size rates pushed the BDI up more than 20% this week, with demand for prompt tonnage in the Pacific causing a major s ...
Monday, 16 August 10
INDIA'S TNPL TO SUPPORT TNEB WITH COAL SUPPLIES
COALspot.com: TNPL to award 300,000 MT of coal supply contract to Nehel General Trading of India. Tamil Nadu state undertaking , Tamil N ...
Monday, 16 August 10
INDONESIA'S PLN SECURED COAL SUPPLIES, LESS IMPACT BY RAINS
COALspot.com: Indonesian State Electricity Company, PT Perusahaan Listrik Negara (PLN), has secured coal supplies for all of its power plants except ...
Sunday, 15 August 10
THE FREIGHT MARKET IS EXPECTED TO REMAIN FIRM - CAPT REDDY
COALspot.com: The BDI rose by almost 22 pct despite peak holiday season which is usually quite market , where as the BCI up sharply by 46 pct which ...
Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached ...
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- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
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- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- The University of Queensland
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
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- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- PTC India Limited - India
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Australian Coal Association
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Minerals Council of Australia
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Planning Commission, India
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
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