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Tuesday, 09 November 10
NOBLE GROUP APPOINTED AS THE EXCLUSIVE MARKETING AGENT FOR PT. BERAU COAL


COALspot.com: Noble Group Limited has recently been appointed as the exclusive marketing agent for PT. Berau Coal production exported to international destinations excluding Japan and Malaysia, said Noble's website.

Noble's web site further said, PT. Berau Coal currently mines coal in East Kalimantan, and is Indonesia’s fifth largest producer with targeted total production in 2014 of 30 million metric tonnes.

The Noble marketing agreement extends for the life of the PT. Berau Coal assets, with Indonesian domestic sales by PT. Berau Coal (accounting for about 30% of total production) continuing to be marketed by PT. Berau Coal directly, and with export sales to Japan continuing to be handled by Sojitz Corporation (a 10% shareholder in PT. Berau Coal).

Noble will co-ordinate the marketing of PT. Berau Coal product from its Singapore office and will immediately utilise its extensive global network of offices to market PT. Berau Coal production directly to the end consumer.

Noble will be responsible for the contract management of all current and future export coal sales agreements (excluding Japan and Malaysia) and will be closely integrated with the PT. Berau Coal logistics team to provide a world class execution service.



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Thursday, 25 November 10
INDONESIAN ROUNDS ARE ACHIEVING IN THE LOW 10S, OWNERS ARE NOT KEEN FOR TRIPS TO INDIA - FEARNBULK
HANDY Uneventful week - Supra/Panamax stems ex USG to China/Korea/Japan are the main focus + grains ex. Argentina. The Atlantic market activity re ...


Thursday, 25 November 10
JSW ENERGY BUYS CANADIAN COAL FIRM FOR $411 MN - NDTV PROFIT
NDTV Profit reported that, Sajjan Jindal-owned JSW Energy on Wednesday said it has entered into an agreement to buy out British Virgin Islands-based ...


Thursday, 25 November 10
DRY BULK MARKET STILL GOING STRONG THIS WEEK, CAPESIZE SECTOR LOSING STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI) gaining a further 0.64% to e ...


Wednesday, 24 November 10
COAL PRODUCTION PREDICTED TO CLIMB IN SUNNIER 2011 - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal producers are expected to increase output by 13 percent in 2011, thanks to predicted better ...


Monday, 22 November 10
RUSSIA'S KTK HAS PRODUCED 4.59 MLN TONNES OF COAL IN FIRST 9 MONTHS OR AN INCREASE OF 5% YEAR-ON-YEAR
COALspot.com (Press Release) - KTK has produced 4.59 mln tonnes of coal in first nine months or an increase of 5% year-on-year. Kuzbasskaya Topli ...


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