COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Monday, 22 August 11
JATENERGY AGREED TO FORM JV WITH AN INDONESIAN COAL MINING COMPANY


COALspot.com - Australian’s listed company, Jatenergy Limited has entered conditional agreement to form joint venture with Indonesia’s coal mining, CV Wijaya Mulia which handled Jongkang project. CV Wijaya had exploration permit (IUP) for 100 hectares site mining in the East Kalimantan, Indonesia. Indicative calorific value coal of Jongkang project was 6,400-6,674 adb kcal/kg.

Under this agreement, Jatenergy will covering the working capital costs of the operation, expected to be maximum of US$ 2 million, while gaining the rights to 30% of the mining margin and the ability to market 100% of the coal produced. The transaction is subject to final legal and technical due diligence, which is expected to take about four weeks, and the development of the mine is expected to progress quickly, given CV Wijaya Mulia is already mobilized on an adjacent site. A production license is expected to be granted for Jongkang by the end of September along with the execution of a final JV agreement.

According the company report to Australian Stock Exchange, the Jongkang project located 5 km along an existing haul road from the Mahakam river and about 25 km from a major hub of Indonesia’s coal industry at Samarinda, is being developed by an existing coal mine operator, CV Wijaya Mulia. Jatenergy has signed a heads of agreement with that Indonesian company, which is well known to Jatenergy’s chief executive officer-Indonesia, Chris Flanagan.

CV Wijaya Mulia will provide the tenements and management team, while the mining, haulage, and shipping will be undertaked by experienced contractors which currently operate two adjoining mines for the owners of CV Wijaya Mulia, The owners of CV Wijaya Mulia have been in coal operations for over ten years.

Jatenergy’s Chief Executive Phil Hodgson said the cash flows expected next year from Jongkang and also the company’s Atan Bara coal project would be used to fund further development of the company. “Once we achieve cash flows, they will be used to fund a very important development program for Jatenergy, to define and hopefully mine coal from our Katingan project in Central Kalimantan,” he said. “When proven, Katingan will become Jatenergy’s showcase operation,” he added.

Katingan has a potential  exploration target of 36.4-43.1 million tonnes of medium quality thermal coal and is located in Central Kalimantan. Drilling to define a JORC resource is scheduled to commence during the second half of 2011, once cash flows are established. Future work may or may not delineate or outline this target in part or in whole.

Other ventures in Central Kalimantan include BHP Billiton’s Maruwai project, which is expected to cost up to US$ 1 billion and produce 6 million tonnes a year. Realm Resources has commited US$ 27 million for a 75% stake of a project called Katingan Ria, which has an inferred resource of 40.1 million tonnes. A third Autralian company, Cokal, has bought into four exploration areas in central Kalimantan, with the aim of developing a coking coal operation.
 
“Adding a second fast-to-production mine to our portfolio ahead of plan is a great testament to our local team,” Hodgson said. “Given the opportunity to leverage Wijaya Mulia’s current operational infrastructure for mining and export, we expect we can develop the mine quickly and generate revenues this year,” Hodgson added. 

To contact the reporter responsible on this story: Efendi at efendi@coalspot.com



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 03 September 11
FEW SHIPS REPORTED FIXED FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued the upward trend during last week with BDI up by about 13 pct closing at 1,740 points and cape index up ...


Saturday, 03 September 11
TNPL TO BUY 240K MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure 240,000 MT +/-  5 percent of non-coking imported coal with ...


Friday, 02 September 11
CAPESIZE DEMAND LIFTS DRY BULK MARKET ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what proves to be the best week of the year for Capesize owners, strong demand has helped propel the dry bulk market to new highs yesterday. The ...


Thursday, 01 September 11
EWP TO BUY 195KT OF VIETNAM COAL
COALspot.com - Korea Midland Power (KOMIPO) has issued an International open bidding for 490kt of sub bituminous coal, according to a bid invitation ...


Thursday, 01 September 11
DRY BULK MARKET TAKES GREAT LEAP FORWARD - NIKOS ROUSSANOGLOU
In what turned out to be a rather hopeful ending of the month, the last day of August saw the dry bulk market’s benchmark, the BDI (Baltic Dry ...


   1020 1021 1022 1023 1024   
Showing 5106 to 5110 news of total 6871
News by Category
Popular News
 
Total Members : 28,627
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Metalloyd Limited - United Kingdom
  • Thiess Contractors Indonesia
  • HSBC - Hong Kong
  • Japan Coal Energy Center
  • Banpu Public Company Limited - Thailand
  • Trasteel International SA, Italy
  • Semirara Mining Corp, Philippines
  • APGENCO India
  • Coal India Limited
  • Geoservices-GeoAssay Lab
  • Qatrana Cement - Jordan
  • ING Bank NV - Singapore
  • EIA - United States
  • Kobe Steel Ltd - Japan
  • Carbofer General Trading SA - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Riau Bara Harum - Indonesia
  • Noble Europe Ltd - UK
  • TRAFIGURA, South Korea
  • Bhushan Steel Limited - India
  • GHCL Limited - India
  • Coal Orbis AG
  • NALCO India
  • Eastern Coal Council - USA
  • VISA Power Limited - India
  • Inco-Indonesia
  • Orica Mining Services - Indonesia
  • CoalTek, United States
  • Georgia Ports Authority, United States
  • Madhucon Powers Ltd - India
  • KPMG - USA
  • The University of Queensland
  • Jatenergy - Australia
  • The Treasury - Australian Government
  • Bangkok Bank PCL
  • Gresik Semen - Indonesia
  • Samtan Co., Ltd - South Korea
  • Ministry of Mines - Canada
  • Gujarat Mineral Development Corp Ltd - India
  • Vitol - Bahrain
  • Ernst & Young Pvt. Ltd.
  • Bulk Trading Sa - Switzerland
  • bp singapore
  • Attock Cement Pakistan Limited
  • Malco - India
  • Maheswari Brothers Coal Limited - India
  • Adaro Indonesia
  • Petron Corporation, Philippines
  • Baramulti Group, Indonesia
  • ACC Limited - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Bhoruka Overseas - Indonesia
  • Parliament of New Zealand
  • PLN - Indonesia
  • Chamber of Mines of South Africa
  • World Coal - UK
  • Deutsche Bank - India
  • Asmin Koalindo Tuhup - Indonesia
  • PetroVietnam
  • Sinarmas Energy and Mining - Indonesia
  • ASAPP Information Group - India
  • Global Business Power Corporation, Philippines
  • GNFC Limited - India
  • Goldman Sachs - Singapore
  • Ministry of Finance - Indonesia
  • Ambuja Cements Ltd - India
  • Port Waratah Coal Services - Australia
  • Sakthi Sugars Limited - India
  • Videocon Industries ltd - India
  • IHS Mccloskey Coal Group - USA
  • Thailand Anthracite
  • Dalmia Cement Bharat India
  • Australian Commodity Traders Exchange
  • Maharashtra Electricity Regulatory Commission - India
  • Ministry of Transport, Egypt
  • Jaiprakash Power Ventures ltd
  • Coeclerici Indonesia
  • Marubeni Corporation - India
  • Freeport Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • CIMB Investment Bank - Malaysia
  • Xindia Steels Limited - India
  • Antam Resourcindo - Indonesia
  • Jindal Steel & Power Ltd - India
  • Deloitte Consulting - India
  • Moodys - Singapore
  • Thai Mozambique Logistica
  • Kumho Petrochemical, South Korea
  • SRK Consulting
  • Cemex - Philippines
  • Thriveni
  • Indogreen Group - Indonesia
  • Merrill Lynch Bank
  • Siam City Cement - Thailand
  • Oldendorff Carriers - Singapore
  • Anglo American - United Kingdom
  • Iligan Light & Power Inc, Philippines
  • Mercuria Energy - Indonesia
  • Power Finance Corporation Ltd., India
  • TNPL - India
  • Salva Resources Pvt Ltd - India
  • Vedanta Resources Plc - India
  • Clarksons - UK
  • Shenhua Group - China
  • Leighton Contractors Pty Ltd - Australia
  • GAC Shipping (India) Pvt Ltd
  • Orica Australia Pty. Ltd.
  • Sucofindo - Indonesia
  • Infraline Energy - India
  • Coalindo Energy - Indonesia
  • Shree Cement - India
  • India Bulls Power Limited - India
  • UBS Singapore
  • Makarim & Taira - Indonesia
  • Adani Power Ltd - India
  • Global Green Power PLC Corporation, Philippines
  • Heidelberg Cement - Germany
  • Renaissance Capital - South Africa
  • J M Baxi & Co - India
  • Idemitsu - Japan
  • Peabody Energy - USA
  • Planning Commission, India
  • Core Mineral Indonesia
  • Kobexindo Tractors - Indoneisa
  • KOWEPO - South Korea
  • Billiton Holdings Pty Ltd - Australia
  • PNOC Exploration Corporation - Philippines
  • CCIC - Indonesia
  • Grasim Industreis Ltd - India
  • Indonesia Power. PT
  • McKinsey & Co - India
  • Mjunction Services Limited - India
  • Sical Logistics Limited - India
  • GN Power Mariveles Coal Plant, Philippines
  • globalCOAL - UK
  • European Bulk Services B.V. - Netherlands
  • Agrawal Coal Company - India
  • Therma Luzon, Inc, Philippines
  • MS Steel International - UAE
  • Thomson Reuters GRC
  • Samsung - South Korea
  • South Luzon Thermal Energy Corporation
  • Bukit Makmur.PT - Indonesia
  • Bharathi Cement Corporation - India
  • Coastal Gujarat Power Limited - India
  • IEA Clean Coal Centre - UK
  • Semirara Mining and Power Corporation, Philippines
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Coaltrans Conferences
  • Rio Tinto Coal - Australia
  • Asia Cement - Taiwan
  • SASOL - South Africa
  • Toyota Tsusho Corporation, Japan
  • KEPCO - South Korea
  • ETA - Dubai
  • Krishnapatnam Port Company Ltd. - India
  • Total Coal South Africa
  • Romanian Commodities Exchange
  • Platts
  • Jorong Barutama Greston.PT - Indonesia
  • Sree Jayajothi Cements Limited - India
  • SN Aboitiz Power Inc, Philippines
  • Central Java Power - Indonesia
  • Sindya Power Generating Company Private Ltd
  • Indian School of Mines
  • Asian Development Bank
  • Bank of China, Malaysia
  • Sojitz Corporation - Japan
  • Alfred C Toepfer International GmbH - Germany
  • Central Electricity Authority - India
  • U S Energy Resources
  • Cebu Energy, Philippines
  • Indo Tambangraya Megah - Indonesia
  • Energy Development Corp, Philippines
  • Thermax Limited - India
  • Russian Coal LLC
  • Karbindo Abesyapradhi - Indoneisa
  • IBC Asia (S) Pte Ltd
  • Merrill Lynch Commodities Europe
  • Electricity Authority, New Zealand
  • Bahari Cakrawala Sebuku - Indonesia
  • Arutmin Indonesia
  • Gupta Coal India Ltd
  • Britmindo - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Kideco Jaya Agung - Indonesia
  • WorleyParsons
  • Africa Commodities Group - South Africa
  • Barasentosa Lestari - Indonesia
  • GMR Energy Limited - India
  • Borneo Indobara - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Formosa Plastics Group - Taiwan
  • Gujarat Electricity Regulatory Commission - India
  • Kartika Selabumi Mining - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Indian Energy Exchange, India
  • Gujarat Sidhee Cement - India
  • Singapore Mercantile Exchange
  • Meralco Power Generation, Philippines
  • TeaM Sual Corporation - Philippines
  • International Coal Ventures Pvt Ltd - India
  • Directorate Of Revenue Intelligence - India
  • MEC Coal - Indonesia
  • Edison Trading Spa - Italy
  • JPower - Japan
  • Coal and Oil Company - UAE
  • Electricity Generating Authority of Thailand
  • Manunggal Multi Energi - Indonesia
  • Karaikal Port Pvt Ltd - India
  • CESC Limited - India
  • Enel Italy
  • Mitra SK Pvt Ltd - India
  • Independent Power Producers Association of India
  • Indian Oil Corporation Limited
  • JPMorgan - India
  • Ceylon Electricity Board - Sri Lanka
  • Vale Mozambique
  • Bayan Resources Tbk. - Indonesia
  • Sarangani Energy Corporation, Philippines
  • Petrosea - Indonesia
  • Latin American Coal - Colombia
  • CNBM International Corporation - China
  • Credit Suisse - India
  • Berau Coal - Indonesia
  • Standard Chartered Bank - UAE
  • Bank of America
  • Permata Bank - Indonesia
  • Surastha Cement
  • Uttam Galva Steels Limited - India
  • Posco Energy - South Korea
  • Bukit Asam (Persero) Tbk - Indonesia
  • Pinang Coal Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • Tamil Nadu electricity Board
  • SGS (Thailand) Limited
  • Mechel - Russia
  • Aboitiz Power Corporation - Philippines
  • Directorate General of MIneral and Coal - Indonesia
  • GB Group - China
  • OCBC - Singapore
  • Holcim Trading Pte Ltd - Singapore
  • Tata Power - India
  • Maruti Cements - India
  • World Bank
  • Fearnleys - India
  • ANZ Bank - Australia
  • Kepco SPC Power Corporation, Philippines
  • Global Coal Blending Company Limited - Australia
  • Essar Steel Hazira Ltd - India
  • Medco Energi Mining Internasional
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • The State Trading Corporation of India Ltd
  • SUEK AG - Indonesia
  • Energy Link Ltd, New Zealand
  • McConnell Dowell - Australia
  • Chettinad Cement Corporation Ltd - India
  • Mitsui
  • ICICI Bank Limited - India
  • Maybank - Singapore
  • Pendopo Energi Batubara - Indonesia
  • Maersk Broker
  • Commonwealth Bank - Australia
  • Glencore India Pvt. Ltd
  • Arch Coal - USA
  • NTPC Limited - India
  • Aditya Birla Group - India
  • LBH Netherlands Bv - Netherlands
  • Cement Manufacturers Association - India
  • Economic Council, Georgia
  • Reliance Power - India
  • Miang Besar Coal Terminal - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Indika Energy - Indonesia
  • Tata Chemicals Ltd - India
  • IOL Indonesia
  • SMC Global Power, Philippines
  • Mintek Dendrill Indonesia
  • PLN Batubara - Indonesia
  • Altura Mining Limited, Indonesia
  • Lafarge - France
  • Rashtriya Ispat Nigam Limited - India
  • Rudhra Energy - India
  • New Zealand Coal & Carbon
  • Straits Asia Resources Limited - Singapore
  • Bukit Baiduri Energy - Indonesia
  • TGV SRAAC LIMITED, India
  • Kohat Cement Company Ltd. - Pakistan
  • TANGEDCO India
  • GVK Power & Infra Limited - India
  • Bhatia International Limited - India
  • Indonesian Coal Mining Association
  • The India Cements Ltd
  • IMC Shipping - Singapore
  • Binh Thuan Hamico - Vietnam
  • Wilmar Investment Holdings
  • Panama Canal Authority
  • BRS Brokers - Singapore
  • Cargill India Pvt Ltd
  • Vizag Seaport Private Limited - India
  • Lanco Infratech Ltd - India
  • Kapuas Tunggal Persada - Indonesia
  • PowerSource Philippines DevCo
  • Price Waterhouse Coopers - Russia
  • SMG Consultants - Indonesia
  • Larsen & Toubro Limited - India
  • PTC India Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • Mercator Lines Limited - India
  • Kalimantan Lumbung Energi - Indonesia
  • London Commodity Brokers - England
  • Humpuss - Indonesia
  • Argus Media - Singapore
  • Cosco
  • Interocean Group of Companies - India
  • Kaltim Prima Coal - Indonesia
  • Intertek Mineral Services - Indonesia
  • UOB Asia (HK) Ltd
  • Platou - Singapore
  • Meenaskhi Energy Private Limited - India
  • Barclays Capital - USA
  • Inspectorate - India
  • TNB Fuel Sdn Bhd - Malaysia
  • San Jose City I Power Corp, Philippines
  • Xstrata Coal
  • DBS Bank - Singapore
  • Cardiff University - UK
  • Mitsubishi Corporation
  • EMO - The Netherlands
  • Wood Mackenzie - Singapore
  • Runge Indonesia
  • BNP Paribas - Singapore
  • Ind-Barath Power Infra Limited - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Bangladesh Power Developement Board
  • Siam City Cement PLC, Thailand
  • Eastern Energy - Thailand
  • Parry Sugars Refinery, India
  • Australian Coal Association
  • Star Paper Mills Limited - India
  • Simpson Spence & Young - Indonesia
  • RBS Sempra - UK
  • AsiaOL BioFuels Corp., Philippines
  • Savvy Resources Ltd - HongKong
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Malabar Cements Ltd - India
  • OPG Power Generation Pvt Ltd - India
  • Ince & co LLP
  • Tanito Harum - Indonesia
  • Indorama - Singapore
  • KPCL - India
  • Minerals Council of Australia
  • White Energy Company Limited