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Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra, Indonesia.
The agreement was made through its majority owned Indonesian joint venture company, PT OGL Indotrade Resources, with the owners of PT Sembilan Setia Mitra (SSM).
The lease covers an area of 1,204 hectares in the West Tanjung Jabung district and complements OGL’s existing Jambi properties of Chandra and Sokki, giving a total of 2,121 hectares of contiguous lease area.
Importantly, there is a 23 kilometre road from the lease area to the Pelabuhan Taman Raja port site on the Pengabuhan River, which has open barge passage to the ocean.
The river is capable of handling barges up to 275 feet, though as the river is tidal, a maximum of 7,000 tones of coal could be loaded.
Coal would be barged directly to market destinations within Indonesia or to neighbouring Malaysia or Thailand, as is the practice of other operators who currently use this port and other Jambi ports.
An initial small payment has been made to secure the contract and a royalty will be paid to the owner through the life of the project, with no other payments necessary.
Several manually dug test pits and eight shallow holes have been drilled near outcropping coal. Coal intersections are reported up to 2.5 meters in thickness.
Quality information shows the coal is a high energy, marketable steaming product with the following characteristics: inherent moisture % 7 - 9, ash % adb 3 - 12, sulphur % adb 1.1 - 1.8, and gross calorific value cal/gm adb 6,180 – 6,765.
The high energy content of the coal means it will be a sought after product in both domestic and export markets.
OGL Indotrade will commence detailed exploration work in the lease during the first quarter of 2011 and a resource target of up to five million tonnes of high energy, shallow thermal coal is projected.
If adequate reserves of coal are determined through exploration and feasibility works, OGL expects to develop a mining operation at Jambi during the second half of 2011, becoming its second mining operation in Indonesia.
About Overseas and General
Overseas and General (ASX: OGL) is a public company listed on both the Australian Stock Exchange and on CLOB International, Singapore. The Company had previously been involved in agribusiness and bio-fuels. OGL is taking advantage of the current strength in the commodities markets worldwide with the objective of becoming 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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Friday, 07 January 11
SRI LANKA NEW PORT TO OFFER SHIP FUEL IN MAY - LBO
LOB reported that, The Sri Lanka Ports Authority (SLPA) plans to start bunkering or ship fuel operations at a new port in southern Hambantota in May ...
Friday, 07 January 11
DRY BULK MARKET ON A FREEFALL, AS THE NEW YEAR EARLY DAYS DONT BRING MANY CHEERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points, on top of an additional 4.2% ...
Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China ...
Thursday, 06 January 11
COKING COAL CONTRACT PRICE MAY RISE 33% ON AUSTRALIAN FLOODS - BLOOMBERG
Bloomberg reported that, Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years ...
Wednesday, 05 January 11
HIGHER COAL PRICES LIFT UP COAL STOCKS
Thermal coal price this month has gone up 5.63% to US$127.70 per ton today from mid last month at US$120.89 per ton.
Thermal coal price for next ...
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- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- PTC India Limited - India
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Planning Commission, India
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Bhatia International Limited - India
- The University of Queensland
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
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