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Wednesday, 13 January 10
KANGAROO RESOURCES KICKS OFF INDONESIAN COAL PRODUCTION
 Coal-focused company Kangaroo Resources has formally joined the ranks of international coal operators after wrapping up the delivery and sale of the first thermal coal products in Indonesia.
The company has delivered its first 4,200 tonne coal to the Cahaya Fajar Kaltim power station in East Kalimantan on schedule, achieving the first operations objective within its extensive portfolio of thermal and coking coal projects on schedule.
It has sold this coal as part of a competitive tender process whereby established to supply greater volumes of coal in months ahead as the ramping of the GPK Project accelerates. Kangaroo will be working to provide a consistent supply of thermal coal into this tender over the term of the contract.
During the morning trade, shares in Kangaroo jumped 1.5c, or 7.1%, to 22.5c.
Indonesian coal production has increased in recent years, with the country currently the world's third largest exporter of steaming coal after Australia and China. According to the 2008 BP Statistical Energy Survey, Indonesia had end 2007 coal reserves of 4328 million tonnes.
Kangaroo chairman Mark O'Keefe said achieving the first coal delivery and sale within the very tight deadline was an exceptional achievement.
"The next step for the company is to review its operational to realise efficiences and greater margin, while at the same time continuing to ramp up production from the GPK Project to achieve our production targets and progress the Mamahak Project into full-scale production," Mr O'Keefe said.
"This marks the achievement of another significant milestone for the company."
The GPK Project is targeted to produce up to 100,000 tonnes of thermal coal per month by early 2011 and ultimately up to 3-4 million tonnes per annum by 2012. The development of site infrastructure is progressing to allow effective increase in production to meet the scheduled operation targets and will continue throughout the first half of 2010.
Mr O'Keefe said the company's budgeted operating margins on GPK coal sales were consistent with the current sale tender and the Company will be working to realise efficiences in all aspects of the operations in order to maintain or increase this margin.
The commencement of coal operations at GPK represents the first key milestone in the company's production strategy, which is based on achieving production from 2-3 projects this year. To read more Proactive Investors
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Wednesday, 16 December 09
COAL MARKETS 2010 CONFERENCE - PRESS RELEASE
COALspot.com (Singapore) Press Release – Back for the 8th year, Coal Markets 2010 will be taking place in Singapore on 28 – 29 Jan ...
Wednesday, 16 December 09
CHINA 2010 COAL TERM PRICES SEEN RISING 8% ON YEAR
Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year's levels, as demand for power has been roaring ba ...
Wednesday, 16 December 09
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL INTERESTS
Emerging coal producer Kangaroo Resources has significantly enhanced its production pipeline in Indonesia after reaching agreement to acquire a coki ...
Wednesday, 16 December 09
UAE'S RAS AL KHAIMAH TO INVEST $5.2B IN EAST KALIMANTAN PROJECT
Shrugging off neighbor Dubai’s debt problems, the smaller United Arab Emirate of Ras Al Khaimah announced on Tuesday that it would increase it ...
Wednesday, 16 December 09
COECLERICI EYES SECOND RUSSIA COAL MINE
* CEO says "seriously considering" mid-small size purchase
* Will use mine to increase exports to Asia
* Says delays at ports will not c ...
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- White Energy Company Limited
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Central Electricity Authority - India
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
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