Proactiveinvestors Australia - General Industry RSS feed http://www.proactiveinvestors.com.au Proactiveinvestors Australia - General Industry feed en Sun, 21 Jan 2018 15:23:13 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com action@proactiveinvestors.com Jatenergy among ASX % Gainers in morning trade http://www.proactiveinvestors.com.au/companies/news/171291/jatenergy-among-asx-gainers-in-morning-trade-171291.html Mon, 09 Jan 2017 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171291/jatenergy-among-asx-gainers-in-morning-trade-171291.html Jatenergy Ltd among ASX % Gainers intra-day http://www.proactiveinvestors.com.au/companies/news/157077/jatenergy-ltd-among-asx-gainers-intra-day-68072.html Thursday's leading ASX % Gainers intra-day.

Company NameCodeLastChangeVolume
Jatenergy Ltd JAT $0.021 110% 320,000
Elixir Petroleum Ltd EXR $0.002 100% 700,000
WHL Energy Ltd WHN $0.002 100% 250,000
Minquest Ltd MNQ $0.018 38.46% 29,668,001
Mod Resources Ltd MOD $0.033 37.50% 56,332,034
Eden Energy Ltd EDE $0.230 35.29% 20,914,304
Kalina Power Ltd KPO $0.100 33.33% 210,610
Venturex Resources Ltd VXR $0.004 33.33% 554,814
Enhanced Oil & Gas Recovery Ltd EOR $0.014 27.27% 3,379,688
BBX Minerals Ltd BBX $0.028 27.27% 520,236

 

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Thu, 14 Apr 2016 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157077/jatenergy-ltd-among-asx-gainers-intra-day-68072.html
Mondi unveils a big profit upgrade http://www.proactiveinvestors.com.au/companies/news/109401/mondi-unveils-a-big-profit-upgrade-109401.html Tue, 28 Jul 2015 17:07:00 +1000 http://www.proactiveinvestors.com.au/companies/news/109401/mondi-unveils-a-big-profit-upgrade-109401.html Mapal Group: Prospective AIM float is bubbling over with potential http://www.proactiveinvestors.com.au/companies/news/108260/mapal-group-prospective-aim-float-is-bubbling-over-with-potential-108260.html Mon, 22 Jun 2015 23:27:00 +1000 http://www.proactiveinvestors.com.au/companies/news/108260/mapal-group-prospective-aim-float-is-bubbling-over-with-potential-108260.html Mondi makes headway in first quarter; shares in paper maker top FTSE 100 http://www.proactiveinvestors.com.au/companies/news/106709/mondi-makes-headway-in-first-quarter-shares-in-paper-maker-top-ftse-100-106709.html Paper maker Mondi (LON:MNDI) pulled off a punchy performance in its first quarter, sending shares to the top of the FTSE 100 this morning.

Operating profit in the three months to March was €236mln the South African company said – that’s 29% above the comparable period last year.

Wood costs, paper for recycling, resin, energy and chemicals costs were all lower than last year, while currency movements also helped out. 

The rise in underlying operating profit was also due to volume growth across most of the European businesses.

Contributions from capital projects and acquisitions, and higher selling prices in Russia and South Africa, aided the performance, it said.

On its outlook, the paper and packaging firm said much depends on the macroeconomic environment, but that it remained confident of making good progress for the year.

Mike van Dulken, head of research at Accendo Markets, said Mondi’s results were packed full of positives.

“Average paper selling prices holding up and comparable sales growth across most business, both sequentially and annually, is also welcome news at this stage of the year,” he said.

“While management says the ‘outlook remains macro-dependant’, its confidence in FY progress is going down well with the investment community this early in the year when other corporates are possibly more cautious.”

Shares were still trading 10% higher at 11am, priced at 1,441p. 


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Wed, 13 May 2015 20:07:00 +1000 http://www.proactiveinvestors.com.au/companies/news/106709/mondi-makes-headway-in-first-quarter-shares-in-paper-maker-top-ftse-100-106709.html
Jatenergy to acquire LED lighting company http://www.proactiveinvestors.com.au/companies/news/157075/jatenergy-to-acquire-led-lighting-company-61405.html Jatenergy (ASX:JAT) has agreed to acquire Nanyang Ling Feng Electronic Technology Company, a group of Chinese manufacturing companies producing LED lights which are distributed and sold globally.

It is active in China, U.S. and Japan and seeking further expansion into Europe and Australia with a new brand name of Jatenergy to promote its Australian linkage and promote its high quality products in the growing LED market space.

The all-scrip offer for Nanyang is subject to shareholder approval and certain conditions precedent. The acquisition is expected to be completed by June 2015.

In the year ended December 2013, Nanyang derived Rmb3.4 million (AUD $695,000) in revenue.

The purchase consideration is to be satisfied by the issue by JAT of 85,714,286 fully paid ordinary shares. JAT will also issue performance share rights to the management of Nanyang based on EBITDA milestones.

JAT may be required to re-comply with the ASX admission requirements of Chapters 1 & 2 of the ASX Listing Rules.

The company does not immediately intend to sell any existing assets, which include coal projects in Indonesia.

JAT is lightly valued at present, with a market capitalisation of $2.6 million.

 

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Tue, 24 Mar 2015 14:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157075/jatenergy-to-acquire-led-lighting-company-61405.html
Jatenergy Limited granted trading halt http://www.proactiveinvestors.com.au/companies/news/157073/jatenergy-limited-granted-trading-halt-58978.html Jatenergy Limited's (ASX:JAT) shares are in pre-open following the Australian Stock Exchange granting the company a trading halt.

JAT requested the halt pending details relating to its rights issue.

The company is focussed on conventional and renewable energy projects, with an initial focus on exploration and production of coal from Indonesia and on producing crude oil from its Indonesian oil seeds plantation.

The rights issue is a pro-rata non-renounceable entitlement issue of one new share for every 4 shares held.

The issue price for each new share is $0.025. The offer seeks to raise $542,828.

The halt will remain in place until the earlier of an announcement being made, or the opening of trade on Wednesday 19th November 2014.

 

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Mon, 17 Nov 2014 12:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157073/jatenergy-limited-granted-trading-halt-58978.html
Jatenergy starts excavation to access coal at Indonesia project http://www.proactiveinvestors.com.au/companies/news/157072/jatenergy-starts-excavation-to-access-coal-at-indonesia-project-55422.html Jatenergy (ASX:JAT) has started excavation work to access coal that was previously located by borehole drilling at its Jongkang coal mine in Indonesia.

The company has just 1 metre of overburden to remove, allow it to quickly access product to barge.

It had recently secured a $100,000 loan from a substantial shareholder to rework the Jongkang mine site.

At Jatenergy’s election it has the opportunity to convert the loan at $0.02 a Jatenergy share during the life of the Jongkang mine site.

The Jongkang I and Jongkang II projects are currently in production and produced around 35,000 tonnes over the past year.

Jongkang is located in East Kalimantan about 5 kilometres along an existing haul road from the Mahakam River and about 25 kilometres from a major hub of Indonesia’s coal industry at Samarinda.

 

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Wed, 04 Jun 2014 13:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157072/jatenergy-starts-excavation-to-access-coal-at-indonesia-project-55422.html
Jatenergy receives first coal purchase order from Chinese customer http://www.proactiveinvestors.com.au/companies/news/157069/jatenergy-receives-first-coal-purchase-order-from-chinese-customer-51302.html Thu, 19 Dec 2013 14:26:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157069/jatenergy-receives-first-coal-purchase-order-from-chinese-customer-51302.html Jatenergy to reveal more detail on coal project sale in Indonesia http://www.proactiveinvestors.com.au/companies/news/157062/jatenergy-to-reveal-more-detail-on-coal-project-sale-in-indonesia-47907.html Jatenergy Limited (ASX:JAT) could be edging closer to the sale of the Katingan Coal Project in Indonesia as it enters a trading halt.

The company said it would detail "the satisfaction of conditions precedent" for the sale.

Fresh from a minimum capital raising in September of $500,000 over a four month period, Jatenergy will remain in a trading halt until or before 16th September 2013.

 

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Thu, 12 Sep 2013 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157062/jatenergy-to-reveal-more-detail-on-coal-project-sale-in-indonesia-47907.html
Jatenergy to offload coal project in Indonesia for US$2M http://www.proactiveinvestors.com.au/companies/news/157060/jatenergy-to-offload-coal-project-in-indonesia-for-us2m-45809.html Sydney based Jatenergy (ASX:JAT) has signed an agreement to dispose of its Coal Soil Brik Project in Indonesia for $2 million, with an initial payment of US$200,000 already banked.

The Indonesian buyer, PT Prakarsa has six months to complete the transaction.

The sale is in line with company’s strategy of divesting long-term assets to focus on currently producing coal assets. On 14 March 2011, Jatenergy gained 80% ownership of CSB after completing its acquisition of Blackrock.

Jatenergy owns the rights to four coal development projects in Kalimantan, Indonesia, producing coal and renewable crude oil from its projects in Indonesia.

 


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Mon, 22 Jul 2013 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157060/jatenergy-to-offload-coal-project-in-indonesia-for-us2m-45809.html
Jatenergy Limited in pre-open http://www.proactiveinvestors.com.au/companies/news/157058/jatenergy-limited-in-pre-open-45763.html Jatenergy Limited (ASX: JAT) has been granted a trading halt by the ASX following a request by the company until such time that it 'is in receipt of signed Contract of Sale of an Indonesian Coal project'.

Jatenergy's shares are now in pre-open.

Earlier in the year Jatenergy announced that it had decided to invest in a new Indonesian coal asset.

At the time the company said that following completion of its due diligence on the Geronggang Coal Project, the company is looking to invest up to $650,000 in the asset.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Tuesday 23rd July 2013.

 

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Fri, 19 Jul 2013 12:40:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157058/jatenergy-limited-in-pre-open-45763.html
Jatenergy invests in Indonesian coal project, starts search for partner http://www.proactiveinvestors.com.au/companies/news/157056/jatenergy-invests-in-indonesian-coal-project-starts-search-for-partner-41194.html Jatenergy (ASX: JAT) will invest up to $650,000 to develop the Geronggang Coal Project in South Kalimantan after completing economic, geological and legal due diligence.

It is also searching for an investor to fund another $650,000 to bring the project towards production.

The Geronggang project area has previously hosted small-scale mining operations and is located within an area with several active coal mines.

Jatenergy is looking to apply the same staged and profit-sharing investment model that it had used for its producing Jongkang I and II coal mines.

Under this model, Jatenergy and its investment partner would make an initial 50% investment upon signing of a binding agreement with PT Saijaan Prima Coal.

Four to six weeks later and after final presentation of a mine plan for production, a final payment would then be made.

After royalties are paid to the project owner, any profits from the venture would be shared 50:50 between Jatenergy and its investment partner.

Under its investment model, Jatenergy will not directly own the Geronggang Coal asset but will retain an interest in any profit it generates.

This model, which has been successfully applied to the Jongkang mines, provides Jatenergy with tax benefits and avoids any legal liabilities arising from the mining operations. Jatenergy expects to use the same model for any further investments into Indonesian coal or iron ore assets.

Separately, Jatenergy has also signed two additional exclusive memoranda of understanding with PT Saijaan Prima and PT Platinum Prima Iron.
   
The MoU with PT Saijaan Prima covers the Sebuku Project on the island of Sebuki off the southeastern tip of Borneo, just south of the Geronggang Coal Project area.

The property is the subject of a production IUP and is prospective for coal and iron ore.

The second MoU covers a 7254 hectare concession hosting a large laterite iron ore deposit.

The Geronggang Iron Ore project is currently owned by PT Platinum Prima Iron (PPI), an 80% owned subsidiary of PT Saijaan Prima.

The MoU’s are effective for three months, during which time Jatenergy will conduct economic, geological and legal due diligence on the project.

Jatenergy is trading at more than half its cash backing. It had $1.5 million in cash as of 31 December 2012, or $0.018 cash per share.

This compares with its share price of $0.034 and market capitalisation of $2.83 million.

 

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Mon, 25 Mar 2013 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157056/jatenergy-invests-in-indonesian-coal-project-starts-search-for-partner-41194.html
Jatenergy subsidiary set to become cash flow positive http://www.proactiveinvestors.com.au/companies/news/157054/jatenergy-subsidiary-set-to-become-cash-flow-positive-37893.html Jatenergy’s (ASX: JAT) subsidiary PT Jatoil Waterland is poised to become cash flow positive once it completes the allocation, processing and shipment of stored Jatropha seed.

This comes as Jatoil is making the final payment for the land used for its jatropha fields.

Under the original agreement to form Jatoil in 2009, Jatenergy had initially paid for over 60% of the full 25 year land access fee for the jatropha fields.

The remaining fee was to be paid from profit obtained from the sale of jatropha seed.

With ongoing harvests, a continued return for the company is expected.

Jatenergy is also reviewing the use of Camelina, an oilseed crop that can be used to produce vegetable oil and animal feed, as a complementary biofuel intercrop.

Camelina requires little water or nitrogen to flourish, making it suitable for use on marginal agricultural lands. It may also be used as a rotation crop to increase the health of the soil, potentially increasing productivity from each hectare of land.

 

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Mon, 07 Jan 2013 15:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157054/jatenergy-subsidiary-set-to-become-cash-flow-positive-37893.html
Jatenergy pockets A$500,000 investment from Chinese-backed fund http://www.proactiveinvestors.com.au/companies/news/157052/jatenergy-pockets-a500000-investment-from-chinese-backed-fund-35556.html Jatenergy (ASX: JAT) has secured an A$500,000 investment by Chinese-backed boutique investment house Jiaren Investment.

The investment, along with the joint venture it formed with Shanghai businessman Caiguo Shang last week, reflects the growing Chinese interest in the company and also supports its recent change in direction.

Jatenergy is focusing on increased sales from its current coal and jatropha assets to enable it to reach a positive cashflow position.

Of the $500,000 invested by Jiaren, $94,000 will be used to complete the existing Shareholder Purchase Plan. The remaining $406,000 will be taken as a placement.

Jatenergy’s partnership with Shang covers the creation of a joint venture to generate sales for its coal mining operations in Kalimantan, Indonesia, and search for customers and niche markets for its jatropha biofuel products.

It will also actively promote Jatenergy’s Coal Plus technology throughout Australia and Southeast Asia, with initial focus on Victoria’s Latrobe Valley, Indonesia and the Philippines.

 

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Wed, 07 Nov 2012 17:15:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157052/jatenergy-pockets-a500000-investment-from-chinese-backed-fund-35556.html
Jatenergy forms marketing venture with Shanghai partner http://www.proactiveinvestors.com.au/companies/news/157050/jatenergy-forms-marketing-venture-with-shanghai-partner-35287.html Jatenergy (ASX: JAT) has formed a joint venture with Shanghai businessman Caiguo Shang to market its coal and jatropha assets as well as promote its Coal Plus technology.

Jatenergy Development will generate sales for its coal mining operations in Kalimantan, Indonesia, and search for customers and niche markets for its biofuel products.

It will also actively promote its Coal Plus technology throughout Australia and Southeast Asia, with initial focus on Victoria’s Latrobe Valley, Indonesia and the Philippines.

This will capitalise on the strong interest in the technology from many coal miners, financers and industrial construction companies.

The Chinese Government has also expressed interest in Coal Plus due to its ability to increase the amount of energy extracted from coal while reducing carbon emissions.

Jatenergy Development does not affect the current capital structure of Jatenergy; but will instead market Jatenergy’s assets without acquiring their title or ownership.

 

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Thu, 01 Nov 2012 15:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157050/jatenergy-forms-marketing-venture-with-shanghai-partner-35287.html
Jatenergy secures coal upgrading process from China technology company http://www.proactiveinvestors.com.au/companies/news/157049/jatenergy-secures-coal-upgrading-process-from-china-technology-company-31479.html Jatenergy (ASX: JAT) has secured a licence for a commercially proven coal upgrading technology that will add value to its existing Indonesian coal assets.

Coal Plus is owned by the Chinese technology company Zhengzhou Zhongneng Metallurgy Co Ltd (ZZM) and can reduce the carbon emissions from burning of brown coal by converting it into three products while reducing energy use.

The technology is currently used in three operating facilities in China with a combined throughput of 2.2 million tonnes per annum. Two more facilities using the technology are under construction, with a combined planned throughput of 8 million tonnes per annum.

Coal Plus could unlock the numerous large low grade brown coal despots that exist in Indonesia, which has recently implemented an export ban on certain unprocessed metals and non-metallic minerals and has indicated it may ban exports of low grade coal.

This is aimed at encouraging the use of value adding technologies such as Coal Plus.

The process can also provide local employment opportunities and generate much needed electricity.

Licence agreement

Jatenergy’s licence covers an initial three year mandate period for use of the Coal Plus technology in Indonesia, Southeast Asia and Oceania.

Under the first stage, Jatenergy will have one year to find and secure a suitable coal resource for application of the technology.

This will allow the licence to be extended for two years to enable the company to develop a full feasibility study in collaboration with ZZM.

Should these two stages be successful, the licence will be novated into an irrevocable and exclusive contract, allowing construction, start up and commissioning of the Coal Plus plant.

As consideration for providing its technology, ZZM will be issued with shares in Jatenergy. The number of shares to be issued will be determined upon completion of due diligence within the next 60 days.

The first tranche of shares is expected to be below the 15% of the issued capital of the company. If it is above this amount then shareholder approval will be sought at each stage of the agreement.

Coal Plus

The process uses standard pyrolysis technology, long used in coal processing around the world, coupled with a proprietary heat exchange technology that makes the process much more efficient.

It also produces three products compared to the one product produced by most existing coal upgrading technologies.

The products produced by the process are a Low Volatile Solid Fuel that is potentially suitable as a semisoft coking coal or as a feedstock for various products; pyrolitic oil (Pyroil), a high value liquid that can be refined and used as a chemical feedstock for a range of products; and coal gas, some of which is used to fuel the process, with the remainder used to generate electricity.

Processing plants employing the Coal Plus technology are modular and can be partially pre-fabricated in China before being transported and assembled at project sites in Indonesia and elsewhere. The expected capital cost of a plant with an output of two million tonnes per year is about US$50 million.

 

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Thu, 19 Jul 2012 11:20:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157049/jatenergy-secures-coal-upgrading-process-from-china-technology-company-31479.html
Jatenergy gains access to Indonesian coal market with Chinese MoU http://www.proactiveinvestors.com.au/companies/news/157047/jatenergy-gains-access-to-indonesian-coal-market-with-chinese-mou-29434.html Jatenergy (ASX: JAT) has secured a non-binding memorandum of understanding (MoU) for the company’s coal processing technology with a leading Chinese technology company.

The MoU covers the key terms of a licence for Jatenergy’s Coal Plus coal upgrading technology with Zengzhou Zhongneng Metallurgy Co.

Coal Plus combines standard pyrolysis technology with a proprietary heat exchange technology that makes the process more efficient. This has the potential to unlock the value from large, low grade coal assets that are currently uneconomic to mine.

Key outputs from the Coal Plus process are electricity from gas production, coal tar for chemical feed-stocks and coal char, which is potentially suitable as a semi-soft coking coal.

The licence with Zengzhou Zhongneng intially covers a coal upgrade project in Indonesia, and will be put in place during the next eight weeks, subject to commercial and technical due diligence.

New export rules governing low grade ores and local processing in Indonesia give Jatenergy the opportunity to leverage potentially large projects using the company’s existing technology along with proven local staff and contacts.

Indonesia is the world’s largest exporter of thermal coal and could provide a major market opportunity for Jatenergy.

Coal Plus technology is already in use in three operating facilities with combined throughput of 2.2 million tonnes per annum in the Fugu County of Shaanxi Providence in China.

A further two facilities are being constructed in Fugu and Yulin, and will have a combined planned throughput of 8 million tonnes per annum.



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Tue, 29 May 2012 15:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157047/jatenergy-gains-access-to-indonesian-coal-market-with-chinese-mou-29434.html
Jatenergy makes first thermal coal sale from Indonesian mines http://www.proactiveinvestors.com.au/companies/news/157045/jatenergy-makes-first-thermal-coal-sale-from-indonesian-mines-25516.html Jatenergy (ASX:JAT) has reached its first thermal coal sales contract for its two Jongkang mines in East Kalimantan, Indonesia, with a Singaporean buyer.

The 8000 tonne barge will be supplied from Jatenergy’s on-site stockpile and readily accessible capped coal, which now stands at about 15,000 tonnes.

Jongkang I and Jongkang II are sited 5 kilometres from a stockpile, crushing and conveyor loading facility on the Mahakam River, about 25 kilometres from the coal shipping hub of Samarinda.

Jatenergy had contributed the majority of working capital costs of both projects – about US$1 million (A$0.93 million) – in return for 30% of the mining margin and the marketing rights to 100% of the production

It had started producing coal at the two mines just months after acquiring them and had earlier this month secured a production licence for a third mine, the Atan Bara project in East Kalimantan.

Atan Bara is a logistically simple, fast-to-production, thermal coal project that is expected start mining within six months.

Atan Bara covers more than 200 hectares and has an exploration target of between 500,000 and 700,000 tonnes of thermal coal.

Atan Bara and Jongkang are expected to provide the company with the cash flows to develop the much larger Katingan coal project in Central Kalimantan that has an exploration target of 36 million to 43 million tonnes.

While Jatenergy had diversified into coal mining, it continues to target 1000 tonnes of oil sales sourced from its jatropha plantation in central Java, and reach a cash positive position in PT Jatoil Waterland.

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Mon, 20 Feb 2012 15:50:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157045/jatenergy-makes-first-thermal-coal-sale-from-indonesian-mines-25516.html
Jatenergy secures production licence for Jongkang in Indonesia http://www.proactiveinvestors.com.au/companies/news/157043/jatenergy-secures-production-licence-for-jongkang-in-indonesia--22334.html Jatenergy (ASX: JAT) is moving closer to production on a second coal mine after the Indonesian Government granted a production licence for its Jongkang coal joint venture in East Kalimantan.

The award of the licence comes just one week after the company began mining first coal from the neighbouring Jongkang II mine under a joint venture partnership.

Both projects are sited 5 kilometres from a stockpile, crushing and conveyor loading facility on the Mahakam River, about 25 kilometres from the coal shipping hub of Samarinda.

Jatenergy can now begin coal mining operations from the Jongkang project. The company is in the final stages of a drilling program designed to establish a JORC Resource for the first planned mining pit on the tenement. Additional pits are also being planned.

Given the proximity to Jongkang II, Jongkang is expected to come on stream during the first quarter of 2012.

Jatenergy expects its other east Kalimantan project, Atan Bara, to be brought into production soon after. Jongkang and Atan Bara are both considered to be “short to production”.

The company announced last week it had executed the final agreements covering Jongkang as well as an operating mine – Jongkang II – with the common local partner to both projects.

Under the final agreements, Jatenergy will cover the working capital costs of the projects, expected to be a maximum of US$2 million, in return for 30% of the mining margin and the ability to market both projects’ entire output.

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Mon, 21 Nov 2011 14:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157043/jatenergy-secures-production-licence-for-jongkang-in-indonesia--22334.html
Jatenergy to mine first coal under new Indonesian joint venture http://www.proactiveinvestors.com.au/companies/news/157042/jatenergy-to-mine-first-coal-under-new-indonesian-joint-venture-22072.html Jatenergy (ASX: JAT) will mine its first coal this week, after entering a joint venture with a currently producing coal mine, Jongkang II in East Kalimantan, Indonesia.

The company expects its first sales of high quality thermal coal to Asian customers to occur this year.

Joint venture partner CV Karya Putru Bersama has already sold about 40,000 tonnes of coal from Jongkang II.

This milestone realises Jatenergy’s goal of diversifying its energy business.

Jongkang II is Jatenergy’s third joint venture agreement in East Kalimantan, but the first to enter production, with partnerships for the Jongkang and Atan Bara projects.

Jongkang and Atan Bara are both considered to be “short to production”, and Jatenergy expects to follow up in the near future with development of the two projects, once production licences are granted.

Under the latest agreement, Jatenergy is required to provide working capital in order to earn 30% of the net margin of the coal, as well as to undertake full marketing and sales rights to the coal.

Cash flows from these projects will be used to advance the evaluation and eventual development of the company’s showcase Katingan coal project in Central Kalimantan.

In addition to its Indonesian operations, Jatenergy recently executed binding agreements to purchase eight coal exploration permits and permit applications in Queensland’s Bowen and Galilee Basins.

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Tue, 15 Nov 2011 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157042/jatenergy-to-mine-first-coal-under-new-indonesian-joint-venture-22072.html
Jatenergy moves closer to coal tenement acquisitions in the Galilee and Bowen Basins http://www.proactiveinvestors.com.au/companies/news/157041/jatenergy-moves-closer-to-coal-tenement-acquisitions-in-the-galilee-and-bowen-basins-19866.html Jatenergy (ASX: JAT) is progressing towards completing the acquisition of ten highly prospective coal exploration permits and permit applications from Spinifex Rural Management Pty Ltd and Demycoal Pty Ltd.

The significance of the tenements is that they are located in the Galilee and Bowen Basins of Queensland, which are well known for good quality thermal and coking coal deposits.

Phil Hodgson, chief executive officer of Jatenergy, said that the company has completed the examination of the available data on the tenements, and have also continued to talk with parties who are interested in the tenements development.

Hodgson added, “There have been some very exciting transactions involving coal tenements in the Galilee Basin recently, including an investment of $US1.26 billion by Indian group GVK Power and Infrastructure in three coal mining projects owned by Gina Reinhart’s Hancock Prospecting.”

Highlighting the potential of the acquisition for Jatenergy, is that two of the tenement applications are located less than 60 kilometres from Hancock’s Alpha coal project.


Entitlement Issue

Jatenergy is also currently conducting an Entitlement Issue which is expected to raise around $393,000.

 

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Wed, 21 Sep 2011 11:51:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157041/jatenergy-moves-closer-to-coal-tenement-acquisitions-in-the-galilee-and-bowen-basins-19866.html
Jatenergy to provide crude jatropha oil to Lufthansa http://www.proactiveinvestors.com.au/companies/news/157040/jatenergy-to-provide-crude-jatropha-oil-to-lufthansa-19548.html Jatenergy (ASX: JAT) is to provide crude jatropha oil to Lufthansa for flight trials.

The Lufthansa tests are the world’s first, long-term trial of renewable jet fuel and will be used on Lufthansa’s regularly scheduled flights between Hamburg and Frankfurt.

Jatenergy is providing Lufthansa with 200 tons of crude jatropha oil at $1,000 per ton from its joint venture with PT Waterland International, which was refined into civilian aviation Jet A-1 biojet fuel by Finnish firm Neste Oil, The International Business Times reported.

Jatenergy CEO Phil Hodgson said, “We can't produce enough jatropha oil at the moment to meet demand. Apart from sales to airlines such as Lufthansa, there is also interest from power generators and traditional biodiesel producers at prices linked to vegetable oils such as palm oil. Palm oil has priced between $1,000-1,250 per ton during 2011, which is around $140-180 per barrel. Our average ex-works production costs for the oil are around $460 per ton, or $65 per barrel.”

Interest in “drop in” biofuels has soared since the the standards group ASTM International recently approved the blending of up to 50 per cent of biofuel with conventional Jet A-1 fuel.

Source: Oilprice.com

 

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Tue, 13 Sep 2011 10:21:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157040/jatenergy-to-provide-crude-jatropha-oil-to-lufthansa-19548.html
XRF Scientific makes strategic investment in Canadian chemical flux manufacturer http://www.proactiveinvestors.com.au/companies/news/158627/xrf-scientific-makes-strategic-investment-in-canadian-chemical-flux-manufacturer-18844.html XRF Scientific (ASX: XRF) has acquired a 19.9% interest in Candian based Gestion Scancia Inc, for AU$200,000, and has also provided a loan of AU$150,000 for a period of up to 27 months.

Scancia is a chemical flux manufacturer based in Quebec, that manufactures x‐ray flux, and distributes predominantly through Canada and the U.S. The business was established on the basis of a unique automatic manufacturing process developed by Dr. Louis Croisetiere.

This loan is able to be repaid, or converted to equity ‐ if fully converted, would result in XRF owning 29.9% of Scancia. XRF also has the ability to increase its interest in Scancia over time.

As part of the investment, XRF has obtained exclusive distributorship of Scancia products in Australasia.

Scancia’s products, having a different physical form to those produced by XRF, are complementary to XRF’s product range.

Scancia provides XRF, with a low risk option over an emerging x‐ray flux manufacturer in Canada / North America, and also delivers access to the fast‐growing South American market.

In addition to this, we will be able to provide our clients with the new product in Australasia and gain access to Scancia’s alternative manufacturing IP.

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Mon, 22 Aug 2011 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/158627/xrf-scientific-makes-strategic-investment-in-canadian-chemical-flux-manufacturer-18844.html
Jatenergy to fast track thermal coal production in 2011 at Atan Bara in Indonesia http://www.proactiveinvestors.com.au/companies/news/157038/jatenergy-to-fast-track-thermal-coal-production-in-2011-at-atan-bara-in-indonesia-16730.html Jatenergy (ASX: JAT) has forecast commercial production of high quality thermal coal before the end of 2011 at the Atan Bara Coal Mine in East Kalimantan, Indonesia, after the company's board approved some strategic initiatives.

These initiatives include a dual energy strategy to generate cash flows from coal mining while also expanding its jatropha-based biofuel operations.

The Atan Bara Coal Mine has an expected monthly production capacity of over 20,000 tonnes and a mine life of up to three years.

The decision to begin production at Atan Bara comes as coal prices continue to rise strongly from the increasing demand of Asian buyers.

Phil Hodgson, chief executive officer, said “our production mining permit application is currently with the regional mayor for final approvals, we have completed our early mine-plan drilling schedule, we are in the final negotiations with the local land-owners and we are reviewing a short-list of contract mining companies.”

Jatenergy’s board also agreed to seek out similar coal development opportunities in Indonesia in order to boost the company’s short-term cash generating capacity.

Jatenergy also plans to advance an exploration and development program on the large-scale Katingan Coal Project in Central Kalimantan.

The Katingan coal resource is estimated to have a mean exploration target of 39.8 million tonnes with evaluation continuing over the next 18 months to two years.

Previous exploration at Katingan identified several coal seams, some with true thickness of greater than six metres.

Jatenergy’s board appointed Chris Flanagan as the company’s chief operations officer in Indonesia to oversee coal activities in the country.

Flanagan has lived and worked in Indonesia developing projects for the past six years.

 

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Tue, 31 May 2011 15:42:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157038/jatenergy-to-fast-track-thermal-coal-production-in-2011-at-atan-bara-in-indonesia-16730.html