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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, 01 March 12
BUKIT ASAM TARGETS EUROPEAN INVESTORS
COALspot.com - PT. Bukit Asam (persero) Tbk, Indonesian state owned coal miner is planning to conduct road show in Europe next week to target at Eur ...
Thursday, 01 March 12
INDO-INDIA, LARGE ECO SUPRA CAN FETCH CLOSE TO USD 9K DOP N.CHINA - FEARNLEYS AS
Handy
The Atlantic Handysize market did not see any signs for recovery this week. It is still a major lack of spot cargoes and an oversupply of pro ...
Wednesday, 29 February 12
69 MINERS AGREE TO RENEGOTIATE CONTRACTS - THE JAKARTA POST
The Jakarta Post, one of the leading English news papaer in Indonesia reported that, as many as 60 coal contracts-of-work (PKP2B) and nine non-coal ...
Wednesday, 29 February 12
PUTTING COAL GASIFICATION TO WORK
Clifford Reese of the SSOE Group looks at practical solutions for district energy leaders who wish to implement clean coal technology.
Coal fuels ...
Monday, 27 February 12
COAL MINING PROFITS TOO HIGH, SAYS GOVT - TEMPO INTERACTIVE
Tempo Interactive reported that, Energy and Mineral Resources Deputy Minister of Indonesia Widjajono Partowidagdo has criticized coal-mining compani ...
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- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- The Treasury - Australian Government
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
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