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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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Monday, 13 February 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The current sentiment in the dry market resembles memories from the end of 2008, when the Baltic Dry Index closed at the level of 663 points on Dece ...
Sunday, 12 February 12
INDONESIA HAS ISSUED A REGULATION TO BAN THE EXPORT OF UNPROCESSED MINERALS AND METALS BY 2014
COALspot.com - The Indonesian government has finally issued a ministerial decree (7 Year 2012 dated 6 February 2012) to ban the export of unpro ...
Sunday, 12 February 12
THE BALTIC DRY INDEX CLIMBS 10.51%
COALspot.com - "The markets touched record lows not seen since mid 80’s. However there was some good news with signs of market recovery a ...
Saturday, 11 February 12
A SNAPSHOT ON THE ECONOMIC AND SHIPPING ENVIRONMENT - GOLDEN DESTINY
The week was highlighted with intense worries in the eurozone for Greece to secure its second bailout of $130billion by applying a ...
Saturday, 11 February 12
WILL HISTORY REPEAT ITSELF IN THIS SHIPPING CYCLE? - CLARKSONS / HELLENIC SHIPPING
A slightly dubious "best man" joke runs as follows… Best man (giving his wedding speech): "Have you noticed how history repeat ...
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- PNOC Exploration Corporation - Philippines
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- Tamil Nadu electricity Board
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- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
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- CNBM International Corporation - China
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- Altura Mining Limited, Indonesia
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- Metalloyd Limited - United Kingdom
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- Rashtriya Ispat Nigam Limited - India
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- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Planning Commission, India
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- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Mjunction Services Limited - India
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- Coalindo Energy - Indonesia
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- PowerSource Philippines DevCo
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- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
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- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
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- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
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- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
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- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Vedanta Resources Plc - India
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- Simpson Spence & Young - Indonesia
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- Electricity Authority, New Zealand
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- Australian Commodity Traders Exchange
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- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
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- MS Steel International - UAE
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
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