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Monday, 20 February 12
JATENERGY SECURES FIRST 8000-TONNE COAL SALES CONTRACT FOR JONGKANG MINES
8000-tonne contract with Singaporean buyer signed for March delivery
50% down payment due in five working days
Production continues at both Jongkang I and Jongkang II mines
Energy company Jatenergy Ltd (ASX code JAT) announced today that it had secured its first coal sales contract from its two Jongkang mines in East Kalimantan, Indonesia.
Jatenergy’s Chief Executive Officer Phil Hodgson said: “Securing this first coal sale underscores buyer confidence in our ability to deliver reliable, good quality thermal coal from our operations,” CEO Phil Hodgson said on a press statement posted on company's web site.
The company’s Indonesian Chief Operating Officer Chris Flanagan further said that production was progressing well at both mines. “We are currently producing from both our Jongkang I and Jongkang II operations. Our on-site stockpile and readily accessible capped coal now totals about 15,000 tonnes.’The sales contract, for an 8000-tonne barge, had been reached with a Singaporean buyer. The key terms are a 50% total purchase price down-payment due in five working days, a market-based FOB price (based upon 6500 kCal/kg specification), 40% payment on barge loading in March and a 10% adjustment subject to cargo survey.
Jongkang I and Jongkang II have been developed in a JV arrangement with a local Indonesian partner. Jatenergy contributed the majority of the working capital costs of both projects (around US$1m) in return for 30% of the mining margin and the marketing rights to 100% of the production. The project is sited 5km from a stockpile, crushing and conveyor loading facility on the Mahakam River, about 25km from the coal shipping hub of Samarinda.
Jatenergy’s new Chairman Alan Broome said: “We have now proved that we can operate in Indonesia – an area with huge growth potential for our company. The revenue will be applied to our significant Katingan project in Central Kalimantan, as well as to secure and develop larger short-to-production projects now under review in Indonesia.”
About Jatenergy:
Jatenergy is a diversified energy company operating in Australia and Asia. It owns the rights to four coal projects in Indonesia’s Kalimantan coal region, as well as eight coal exploration permits and permit applications in Queensland’s Bowen and Galilee basins.
It also produces high quality crude jatropha oil from plantation operations in Central Java, Indonesia, for power production and the airline industry.
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Wednesday, 18 April 12
INDONESIA TO INTRODUCE EXPORT DUTY ON MINERAL ORES BY 6 MAY 2012
The Indonesian government is scheduled to issue regulation on export duty for minerals before May 6, 2012.
According to Bisnis Indonesia, as quot ...
Sunday, 15 April 12
THE SPOT FIXTURE RATES FOR SUPRAMAX IN SE ASIA SAW SOME SOFTENING OF CHARTER RATES - VISTAAR
COALspot.com - The market seem to be holding and except for Supramax and handy size index all other index was up with BDI up by 4.74 pct closing at ...
Friday, 13 April 12
MINERS OPPOSE GOVTS EXPORT TAX PLAN - THE JAKARTA POST
The Jakarta Post reported that, Indonesian mining companies have strongly protested the government’s plan to impose a 25 percent export tax on ...
Friday, 13 April 12
S&P CAUTIONS AGAINST NEW INDONESIAN MINING REGULATIONS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Investors may have expressed concerns about looming new mining regulations, but ratings agency Standard & Poor& ...
Thursday, 12 April 12
FIRST QUARTER OF 2012 SAW AN ADDITIONAL 24.2 MILLION DWT OF DRY BULK CARRIERS ENTERING THE FLEET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The inflow of newbuilt dry bulk vessels was larger than expected in the first quarter of 2012. As much as 24.2 million DWT were added to the fleet. ...
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- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- White Energy Company Limited
- Vedanta Resources Plc - India
- PTC India Limited - India
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- The University of Queensland
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
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