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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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Friday, 30 March 12
RECOND NUMBERS SURROUNDING THE SUPRAMAX DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Last year proved to be both a record year in the number of deliveries of dry bulkers between 40,000dwt and 64,000dwt, as well as a record year in th ...
Thursday, 29 March 12
DRY BULK EDGED FURTHER UP, ON HEALTHY DEMAND FOR MOST SHIP TYPES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With capesize vessels finally reappearing in demand, the dry bulk market had an easier task of rising yesterday, as the BDI (Baltic Dry Index) reach ...
Thursday, 29 March 12
ADARO FY11 NET INCOME JUMPS 124% - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk (ADRO) today announced a 124% jump in net income to US$552 million last year or US$0.017 a share. ...
Wednesday, 28 March 12
CUESTA HAS RECEIVED APPLICATIONS AND FIRM BIDS IN EXCESS OF $9 MILLION FOR THE COMPANYS IPO
COALspot.com - The Directors of Cuesta Coal Limited (ASX:CQC) have announced that today it has received applications and firm bids in excess of $9 m ...
Wednesday, 28 March 12
ORPHEUS ENERGY TO COMMENCE JORC DRILLING AT ADK PROJECT
COALspot.com - Indonesian coal explorer and producer, Orpheus Energy (ASX:OEG), have today announced that the company is about to commence a drillin ...
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- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
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