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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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Thursday, 15 March 12
RESOURCE ALAM FY11 PROFIT UP 171% - INSIDER STORIES
Insider Stories reported that, coal mining company PT Resource Alam Indonesia Tbk (KKGI) reported a 171.16% jump in net profit last year on the back ...
Wednesday, 14 March 12
GLOBAL THERMAL TRADE FLOW CHANGES WILL ENSURE SECURITY OF THERMAL COAL SUPPLY, ALBEIT AT A HIGH PRICE - WOOD MACKENZIE
Wood Mackenzie Says Global Thermal Trade Flow Changes Will Ensure Security of Thermal Coal Supply, Albeit At a High Price Seaborne thermal demand by ...
Wednesday, 14 March 12
COKAL TAKES ANOTHER STEP IN DEVELOPING INFRASTRUCTURE TO FACILITATE METALLURGICAL COAL PRODUCTION
Global coal group, Cokal Limited (ASX-CKA), has signed Memorandums of Understanding (MoU’s) to develop two river ports and two small scale coa ...
Tuesday, 13 March 12
CLARIFICATION OF GR 24 OF 2012 REQUIRING DIVESTMENT OF FOREIGN OWNERSHIP OVER TIME
ASX Announcement
Global metallurgical coal group, Cokal Limited (ASX-CKA), is responding to the recent announcement of the Indonesian Ministry of ...
Tuesday, 13 March 12
EUROPEAN COAL CONTANGO: FURTHER STEEPNESS REQUIRED TO MAKE LARGE SCALE PHYSICAL TIME SPREAD ARBITRAGE MORE ATTRACTIVE - MISWIN MAHESH, BARCLAYS CAPITAL
COALspot.com - "With the contango between the Y+1 and M+1 ARA delivered contract now averaging above the $14/t level, there is an increasing in ...
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- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
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