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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
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Friday, 19 August 11
INDIA IMPORTS LESS INDONESIAN COAL THAN CHINA IN JULY
COALspot.com - Indonesia shipped 31.30 Million tons of coal in July 2011, up by 10.69 percent compared to June's export of about 28.27 ...
Thursday, 18 August 11
INDONESIAS PROPOSED LOW GRADE COAL EXPORT BAN WILL NOT HAVE A SIGNIFICANT IMPACT ON INDIA - MISWIN MAHESH
COALspot.com - The Indonesian government is currently in the process of drafting a new regulation that could ban the export of low-grade coal by Jan ...
Thursday, 18 August 11
MARUBENI ACQUIRED 42.86% OF YTL JAWA POWER
COALspot.com - Marubeni Corporation (Marubeni) has completed the acquisition of 42.86 percent of the shares of YTL Jawa Power Holdings BV from YTL P ...
Wednesday, 17 August 11
CME LAUNCHES ARGUS COKING COAL SWAP FUTURES
COALspot.com - Argus media reported that, leading exchange CME Group will list an Australian coking coal swap futures contract for trading on the Ny ...
Wednesday, 17 August 11
TAVESCO KILLARA ENERGY TO ACQUIRE COAL CONCESSIONS IN EAST KALIMANTAN
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
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- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
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- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
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- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
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- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
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- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Australian Coal Association
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Standard Chartered Bank - UAE
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- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
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