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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, 11 April 12
TWO PERCENT OF IBP CONCESSION CONTAINS 42 MMT OF COAL
COALspot.com - 42.35 million ton of coal found in just 2% of PT Insani Bara Perkasa’s total concession area of 24,477 hectare.
Accord ...
Wednesday, 11 April 12
DRY BULK MARKET STILL SUBDUED, RECOVERY NOT YET SEEN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market entered the new week after the past days of easter holidays in western countries in a subdued mood. The industry’s benchma ...
Monday, 09 April 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first week of April ended with the Baltic Dry Index falling below 950 points, before Catholic Easter, and capesizes showing a modest upturn with ...
Sunday, 08 April 12
CHARTER RATES COULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI was almost at same levels closing slightly lower by 0.64 pct at 928 points.
The Cape index was up by 6.73 pct closing at ...
Friday, 06 April 12
INDONESIAN HBA FALL TO LOWEST LEVEL SINCE JANUARY 2011
COALspot.com - Indonesian HBA fall to lowest level since January 2011 this month. The monthly coal reference price for coal sales in April fal ...
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- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
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- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- The University of Queensland
- MS Steel International - UAE
- Anglo American - United Kingdom
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