Proactiveinvestors United Kingdom - General Industry RSS feed http://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom - General Industry feed en Fri, 19 Jan 2018 09:41:49 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com action@proactiveinvestors.com Early Christmas present: Mondi wraps up acquisition of Finnish pulp and paper mill operator Powerflute for €365mln http://www.proactiveinvestors.co.uk/companies/news/189235/early-christmas-present-mondi-wraps-up-acquisition-of-finnish-pulp-and-paper-mill-operator-powerflute-for-365mln-189235.html Fri, 22 Dec 2017 09:47:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189235/early-christmas-present-mondi-wraps-up-acquisition-of-finnish-pulp-and-paper-mill-operator-powerflute-for-365mln-189235.html Mondi upgraded to 'buy' again - this time by Goldman Sachs http://www.proactiveinvestors.co.uk/companies/news/189085/mondi-upgraded-to-buy-again-this-time-by-goldman-sachs-189085.html Wed, 20 Dec 2017 10:40:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189085/mondi-upgraded-to-buy-again-this-time-by-goldman-sachs-189085.html Mondi way too cheap, especially with the likelihood of a huge special dividend http://www.proactiveinvestors.co.uk/companies/news/188941/mondi-way-too-cheap-especially-with-the-likelihood-of-a-huge-special-dividend-188941.html Mon, 18 Dec 2017 09:51:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188941/mondi-way-too-cheap-especially-with-the-likelihood-of-a-huge-special-dividend-188941.html Mondi warns on profits as currency fluctuations and rising costs take their toll http://www.proactiveinvestors.co.uk/companies/news/185409/mondi-warns-on-profits-as-currency-fluctuations-and-rising-costs-take-their-toll-185409.html Wed, 11 Oct 2017 09:43:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185409/mondi-warns-on-profits-as-currency-fluctuations-and-rising-costs-take-their-toll-185409.html Vesuvius on the right track, but it's not there yet http://www.proactiveinvestors.co.uk/companies/news/174305/vesuvius-on-the-right-track-but-it-s-not-there-yet-174305.html Mon, 06 Mar 2017 11:51:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/174305/vesuvius-on-the-right-track-but-it-s-not-there-yet-174305.html Vesuvius shares rocket as full year profits rise despite troublesome steel market http://www.proactiveinvestors.co.uk/companies/news/174111/vesuvius-shares-rocket-as-full-year-profits-rise-despite-troublesome-steel-market-174111.html Thu, 02 Mar 2017 14:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/174111/vesuvius-shares-rocket-as-full-year-profits-rise-despite-troublesome-steel-market-174111.html One man's trash... Biffa confirms £1bn IPO http://www.proactiveinvestors.co.uk/companies/news/165938/one-man-s-trash-biffa-confirms-1bn-ipo-165938.html Thu, 15 Sep 2016 08:59:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/165938/one-man-s-trash-biffa-confirms-1bn-ipo-165938.html Jatenergy Ltd among ASX % Gainers intra-day http://www.proactiveinvestors.co.uk/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

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Thu, 14 Apr 2016 05:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/157077/jatenergy-ltd-among-asx-gainers-intra-day-68072.html
Mondi unveils a big profit upgrade http://www.proactiveinvestors.co.uk/companies/news/109401/mondi-unveils-a-big-profit-upgrade-109401.html Tue, 28 Jul 2015 08:07:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/109401/mondi-unveils-a-big-profit-upgrade-109401.html Mapal Group: Prospective AIM float is bubbling over with potential http://www.proactiveinvestors.co.uk/companies/news/108260/mapal-group-prospective-aim-float-is-bubbling-over-with-potential-108260.html Mon, 22 Jun 2015 14:27:00 +0100 http://www.proactiveinvestors.co.uk/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.co.uk/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. 


]]>
Wed, 13 May 2015 11:07:00 +0100 http://www.proactiveinvestors.co.uk/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.co.uk/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.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 24 Mar 2015 03:30:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/157075/jatenergy-to-acquire-led-lighting-company-61405.html
Jatenergy Limited granted trading halt http://www.proactiveinvestors.co.uk/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.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 17 Nov 2014 01:30:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/157073/jatenergy-limited-granted-trading-halt-58978.html
Jatenergy starts excavation to access coal at Indonesia project http://www.proactiveinvestors.co.uk/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.

 

Proactive Investors Australia is the market leader in producing news,articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Wed, 04 Jun 2014 04:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/157072/jatenergy-starts-excavation-to-access-coal-at-indonesia-project-55422.html
Jatenergy substantial shareholder increases stake to 9.62% http://www.proactiveinvestors.co.uk/companies/news/55963/jatenergy-substantial-shareholder-increases-stake-to-962-66108.html Jatenergy (ASX: JAT) substantial shareholders Adam Leslie and Lisa Hajek have increased their stake in the company to 9.62% from 5.91%.

They had acquired 3,667,139 shares over the period from 1 July 2013 to 20 February 2014, bringing their total shareholding up to 9,494,433 shares.

Jatenergy is set to re-open the old Jongkang coal mine in East Kalimantan, Indonesia. The Jongkang I and the Jongkang II projects are in production and have produced about 35,000 tonnes of coal in the past year.

Separately, it is also seeking expressions of interest for the sale of its Coal Soil Brik Katingan asset.

 

Proactive Investors Australia is the market leader in producing news,articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 24 Feb 2014 21:16:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/55963/jatenergy-substantial-shareholder-increases-stake-to-962-66108.html
Jatenergy to open Jongkang coal mine in Indonesia http://www.proactiveinvestors.co.uk/companies/news/55828/jatenergy-to-open-jongkang-coal-mine-in-indonesia-65959.html Jatenergy (ASX:JAT) is set to open the Jongkang mine as the strong weather conditions abate.

Heavy monsoon rains had delayed the re-opening of the old mine and the establishment of a new pit in Wijaya Mulia. 

The Jongkang I and the Jongkang II projects are in production and have produced about 35,000 tonnes in the past year.

They are located in East Kalimantan about 5 kilometres from an existing haul road from the Mahakam River and 25 kilometres from the coal hub in Samarinda. 

Separately, Jatenergy is also seeking expressions of interest for the sale of its Coal Soil Brik Katingan asset. It had earlier been in discussions with PT Prakarsa Corporindo, but talks haven't progressed, opening up the sale of the assets to third parties.

Jatenergy believes that plans for a power station in the Katingan area would make the Coal Soil Brik asset site more attractive as the power station would require a steady source of coal supply. The project site is in the South Kalimantan province. 

Late last year, Jatenergy finalised a profit sharing agreement with Chapmans Limited (ASX:CHP) that put the company on the path to increased production and profits from its Indonesian coal projects.

An initial investment of $200,000 was made directly into the Jongkang project for 50% profit share with Jatenergy. Chapmans also has the option to invest a further $850,000 into Geronggang project, or Blackrock Energy, which houses the Barata projects.

The investment will enable the Jongkang project to be transitioned into a higher production mine facility with a monthly production target of 20,000 tonnes per month.

 


Proactive Investors Australia is the market leader in producing news,articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Thu, 20 Feb 2014 05:23:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/55828/jatenergy-to-open-jongkang-coal-mine-in-indonesia-65959.html
Jatenergy to market technology for recovery of energy material in Indonesia http://www.proactiveinvestors.co.uk/companies/news/55002/jatenergy-to-market-technology-for-recovery-of-energy-material-in-indonesia-65064.html Jatenergy (ASX: JAT) has signed an agreement with TTG Technologies Resources to market the latter’s energy material recovery technology in Indonesia.

The technology, developed by Chonnam National University in South Korea, allows for the recovery of range of materials including lithium and manganese from the waste stream that is considered to be too low in concentrate to process.

TTG is marketing the technology globally with the exception of Korea.

Under the agreement, Jatenergy will market the mineral recovery technology exclusively to Indonesian mining ore. 

TTG and Jatenergy will share 50% of all revenues from each technology licence sold in Indonesia either it be an upfront fee, royalty and/or equity in the process.

The exclusive license is based on three years with automatic extension if Jatenergy is able to secure commitment(s) to the technology in Indonesia.

Katingan

Separately, the company is continuing negotiations with PT Prakarsa Corporindo regarding the sale of the Katingan Coal Project despite the expiration of the original agreement.

Both companies are still keen to complete the sale and are working together to obtain local government acknowledgement and approval of the share transfer.

The sale of Katingan is in line with company’s strategy of divesting long-term assets to focus on currently producing coal assets.

Coal Trading

Jatenergy’s energy and material trading arm had in December received its first, non-revocable purchase order for 150,000 tonnes to 300,000 tonnes of coal per month from China’s Qingdao Jiahe Rundong Trading.

The company will use its extensive coal network in Indonesia as a base to source coal from the two main Indonesian coal areas Sumatra and Kalimantan to meet this order.

Jatenergy will also act as Qingdao’s representative in Australian and Indonesia with a percentage based fee paid toJatenergy of coal product exported for Qindao.

It is confident of meeting the maximum 3,600,000 tonnes per annum required for Qindao’s energy requirements in China for the life of the three year order.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 21 Jan 2014 23:47:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/55002/jatenergy-to-market-technology-for-recovery-of-energy-material-in-indonesia-65064.html
Jatenergy receives first coal purchase order from Chinese customer http://www.proactiveinvestors.co.uk/companies/news/157069/jatenergy-receives-first-coal-purchase-order-from-chinese-customer-51302.html Thu, 19 Dec 2013 03:26:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/157069/jatenergy-receives-first-coal-purchase-order-from-chinese-customer-51302.html Jatenergy received first coal purchase order from Chinese customer http://www.proactiveinvestors.co.uk/companies/news/54281/jatenergy-received-first-coal-purchase-order-from-chinese-customer-64309.html Jatenergy’s (ASX: JAT) energy and material trading arm has received its first, non-revocable purchase order for 150,000 tonnes to 300,000 tonnes of coal per month from China’s Qingdao Jiahe Rundong Trading.
    
The company will use its extensive coal network in Indonesia as a base to source coal from the two main Indonesian coal areas Sumatra and Kalimantan to meet this order.

Jatenergy will also act as Qingdao’s representative in Australian and Indonesia with a percentage based fee paid toJatenergy of coal product exported for Qindao.

It is confident of meeting the maximum 3,600,000 tonnes per annum required for Qindao’s energy requirements in China for the life of the three year order.

Jatenergy has the ability to develop its energy and material trading arm. It has been a strategy of the company to utilise its network of suppliers and customers to access product for trade,” executive chairman Tony Crimmins said.

Separately, Jatenergy has agreed with PT Prakarsa Corporindo to extend the completion date for the US$2 million sale of PT Coal Soil Brik, which holds the Katingan Coal Project, by 30 days. 

This is to allow for local government acknowledgement and approval of the share transfer.

Qingdao Jiahe Rundong Trading

Qingdao is part of the Hejia Group, a high-tech enterprise specialising in the research and development, production and sales of fine chemicals. 

Hejia has fixed assets of 250 million RMB, annual sales of 600 million RMB, plant area of 360mu, 300 scientific and technical personnel and over 800 employees.

Strategy and Market Demand

Jatenergy’s strategy is to focus on the growing enterprise of China as it develops its network into South-East Asia and Australia using well established Chinese partnerships.

Coal remains China’s dominant energy source – making up more than 60% of its primary energy resources - and its consumption is forecast to continue rising.

In 2012, coal consumption was 3.52 billion tonnes. This is expected to rise to 4.8 billion tonnes by 2020, according to the China National Coal Association.

Katingan

Katingan is a 5,000 hectare tenement located 160 kilometres northwest of the city of Palangkaraya in the South Kalimantan Province on the island of Borneo.

Jatenergy had acquired 80% of this project through the acquisition of Blackrock in 2011.

Analysis

The purchase order from Qingdao Jiahe Rundong Trading not only marks the first purchase order for Jatenergy’s energy and material trading arm, it also provide cash flow to the company in the form of fees for exported coal.

It is also close to completing the sale of the Katingan Coal Project, which would add a further US$1.8 million – the remaining amount to be paid from the US$2 million sale price – to the company’s cash position.

With a market capitalisation of $2.46 million, Jatenergy's valuation continues to remain light.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Thu, 19 Dec 2013 01:46:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/54281/jatenergy-received-first-coal-purchase-order-from-chinese-customer-64309.html
Jatenergy tests convert Mongolian brown coal to semi-coking coal http://www.proactiveinvestors.co.uk/companies/news/54088/jatenergy-tests-convert-mongolian-brown-coal-to-semi-coking-coal-64109.html Jatenergy (ASX: JAT) is on track to pursue its Mongolian coal upgrading plans after testing proved that coals from the country were highly suitable for conversion using Coal Plus technology.

This sets the stage for the immediate start of its investment strategy with Monrospromugoli LCC, which could result in a US$2 million upfront technology payment and ongoing annual royalties of US$1.76 million.

The test results had demonstrated that the high moisture, high volatile, low calorific Mongolian brown coal can be easily converted into semi coking coal using Coal Plus.

“This report independently verifies that Coal Plus has potential in Mongolia,” executive chairman Tony Crimmins said.

“Most important is that we have a scalable and inexpensive test to determine the outputs from sampled coal provided to us.

“It allows us to determine for the client if the deposit site is suitable for Coal Plus and what the general returns, all in a matter of weeks. 

“As the technology is already commercialised and in use in five locations in China for over 4 years, we see high probability of financing this project in Mongolia”.

Monrospromugoli Business Manager Otto Khurts said the company was pleased with the outcome and looked forward to working with Jatenergy to improve the ongoing pollution problem surrounding Inner Mongolia.

Test Results

According to the initial test results, the main features of the Mongolian coal are:

-    Higher moisture content: Mt=38.6%;
-    Higher volatility: Vdaf=49.03%;
-    Lower calorific value: Qnet,ar=13.549MJ/kg (3238kcal/kg); and
-    Lower combustion efficiency and poorer thermal stability.

After using the Coal Plus conversion technology, the results were as follows:

-    After processing, the main products from Coal Plus conversion of brown coal are Low Volile Solid Fuel (LVSF), pyrolysis oil, crude benzene and gas. Conversion of brown coal to LVSF is 2.6 tonnes of input brown coal to 1 tonne of LVSF. The as-received basis productivity of pyrolysis coal is 36.6% and pyrolysis oil 2.14%;
-    The calorific value of the upgraded coal is increased apparently, to 6,666kcal/kg from 3,238kcal/kg, while the total moisture is decreased to 0.8% from 38.6% to 0.8%. Volatile matter has also dropped to 5.7% from 49.03%;
-    The produced LVSF is hard weathered and not hypergolic, making it suitable for long-term storage and long-distance transportation. It can be used as clean solid fuel while its higher combustion efficiency increases its commodity value significantly;
-    The upgraded coal can be used widely as granules with ash content less than 13-15%. This can be used as carbon reductant for submerged arc furnace of calcium carbide, ferrosilicon and industrial silicon. It also has application as a PCI (pulverized coal) for blast furnace injection or simply used as a high quality steam coal; and
-    The calorific value of the resulting gas is 16.424MJ/Nm3(3922kcal/Nm3). It can be used as high calorific value clean gas fuel, or the raw gas for further synthesizing NH3, methanol or artificial natural gas.

“The results from the test and potential returns have been correctly identified in this report. Coal Plus is suitable for this site and has strong profitable return for the customer,” Jatenergy senior process technologist Tam Tran said.

Monrospromugoli

Under the binding agreement reached with Monrospromugoli on 24 September, a testing and feasibility study would be carried out to confirm the results of the simulated commercial Coal
Plus process analysis conducted by Jatenergy.

Success would allow the Mongolian private sector and government make better use of the abundant low-rank, high-volatile bituminous coal, which is currently being ineffectively burnt by coal-fired heating companies.

A Coal Plus conversion plant capable of processing 600,000 tonne of lignite per year would generate revenue of about US$41.36 million.

Under a typical Jatenergy royalty agreement, the Company would receive a US$2,000,000 upfront technology payment with US$7.50 per tonne royalty on revenue generated from of LVSF coal and $5.00 per tonne royalty on the pyrolysis oil produced, or about US$1.76 million per annum.

Coal Plus

Coal Plus is a proprietary coal upgrading technology which coverts low value brown coal into high value energy products.

Significantly, it is a proven technology with five commercial plants operating in Asia.

A sixth plant that is currently being built in Mongolia is the most ambitious, being designed to handle 10 million tonnes of input coal for conversion to LVSF coal.

Jatenergy currently has the license for the technology in Asia with the option to expand this license.

Analysis

The confirmation that Mongolian brown coal is suited for conversion using Coal Plus into higher value products paves the way for Jatenergy’s agreement with Monrospromugoli to go ahead.

That this could result in a 600,000 tonne conversion plant that will generate annual royalties of US$1.76 million per annum in addition to the upfront US$2 million technology payment is value accretive for Jatenergy.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Thu, 12 Dec 2013 04:06:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/54088/jatenergy-tests-convert-mongolian-brown-coal-to-semi-coking-coal-64109.html
Jatenergy appoints Ian Gebbie as new director http://www.proactiveinvestors.co.uk/companies/news/53877/jatenergy-appoints-ian-gebbie-as-new-director--63893.html Jatenergy (ASX: JAT) has appointed Ian Gebbie, who has a background in equity capital markets along with mergers and acquisitions, as a director of the company.

Gebbie is a director of Wentworth Global Capital Finance and has nearly 15 years of corporate advisory and accounting experience in both Australia and the UK.

He has been involved in a number of initial public offerings and subsequent fundraising activities with a core focus on junior mining and exploration companies

This includes his recent assistance to Tellus Resources in the implementation of their acquisition strategy.

Gebbie is also a director of private gold explorer Force Resources, which recently acquired a large exploration asset in Indonesia.

He is expected to brings a ready understanding of the operation of a public company and its requirements not only at a regulatory level, but more importantly at adding enterprise growth, to Jatenergy.

Executive chairman Tony Crimmins said Jebbie’s long experience in ASX energy and resources companies would be invaluable to the operations of the company.

The company had earlier this week finalised a profit sharing agreement struck with Chapmans Limited (ASX:CHP) for the Jongkang project in Indoneisa.

It has received $200,000 from Chapmans, enabling the project to be transitioned into a higher production mine facility with a monthly production target of 20,000 tonnes per month.

Profits from coal shipments will be shared equally between the two companies.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Wed, 04 Dec 2013 22:12:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/53877/jatenergy-appoints-ian-gebbie-as-new-director--63893.html
Jatenergy closes Indonesian coal profit share agreement with Chapmans http://www.proactiveinvestors.co.uk/companies/news/53797/jatenergy-closes-indonesian-coal-profit-share-agreement-with-chapmans-63810.html Sydney based energy company Jatenergy (ASX:JAT) has finalised a profit sharing agreement struck with Chapmans Limited (ASX:CHP) that could see increased production and profits from its Indonesian coal projects.

In November, Jatenergy announced the deal and a first payment of $200,000 has been received from Chapmans.

Under the agreement, Jatenergy will receive 50% of profits from coal shipments from the Jongkang project.

This joint venture will initially rework the Jongkang project into a higher production mine facility with a monthly production target of 20,000 tonnes per month. 

If Chapman’s elects to invest the further $850,000 into 50% owned Singapore subsidiary company, Blackrock Energy Pte Ltd, it will accelerate Jatenergy’s establishment of the mine site at Gerrongang which will take around 2-3 months to bring into production.

Jongkang Project


The Jongkang I and Jongkang II projects are currently in production and produced around 35,000 tonnes over the past year and were developed in December 2011 as part of a Joint Venture arrangement with a local Indonesian partner.

Located in East Kalimantan approximately 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, each concession is covered by a production licence comprising 100 hectares.

Transport infrastructure is capable of handling a maximum of 20,000 tonnes per month, subject to weather conditions.  Upon the receipt of the investment from Exalt, Jatenergy will move to operate the Jongkang project at increased capacity.

The cash flow that will be provided by the increased production of this project is an important part of the Jatenergy business as it will substantially assist with funding the expansion of the company’s operations

Gerrongang Project


On 3 December 2012, Jatenergy announced that it had signed an exclusive MOU with PT Saijaan Prima Coal (SPC) to ultimately acquire the 183 hectare property within the Kotabaru regency in South Kalimantan.

The MOU was effective for three  months, during which time economic, geological and legal due diligence was conducted.

Under its investment model, the profits from the venture are shared between Jatenergy and SPC. In 2013 over 300 metres of drilling was carried out by Jatenergy and a detailed topographical survey was undertaken to produce working mine plans which will cost under $1 million to bring them into production.

The drilling to date totals around 360 metres, including 7.5 metres of coring. The transport infrastructure handles 20,000 tonnes per month, depending on weather conditions and Jatenergy has the rights to 100% of this project.  Work has just commenced on a new jetty which is being funded by the owner of the site.

This new jetty will be located only 5 kilometres from the mine – as opposed to the public jetties which are 22 kilometres away. With existing infrastructure including a number of jetties in the close vicinity, Jatenergy looks forwards to bring this project into production using the financing provided by Chapmans.

Indonesian Coal

Indonesian coal is generally low in ash and sulphur but high in volatiles and moisture. Nearly 80% of production is rated as being sub‐bituminous, having a niche position in domestic and international markets because of strong demand for environmentally friendly, low ash, sulphur and nitrogen thermal coal.

The coal is commonly sold for blending with higher sulphur coal, enabling the lower quality product to meet emissions standards.

Indonesia’s coal mining sector is one of the fastest growing industries in the country, recently overtaking Australia as the world’s largest exporter of thermal coal. Exports have increased more six‐fold from 31 million tonnes (Mt) in 1995 to 191Mt in 2009.

Its main export markets are Japan, India, Korea, Taiwan and China.

Analysis

Jatenergy is methodically moving towards increased cash flow and profits from its Indonesian coal projects. 

If Chapman’s elects to invest the further $850,000 into Blackrock Energy Pte Ltd, it will accelerate establishment of the mine site at Gerrongang which will take around 2-3 months to bring into production and increased cash flows and profits.

Proactive Investors estimates that Jongkang’s production of 20,000 tonnes of coal per month could generate between $100,000 and $120,000 in profit per month.

This would translate to $50,000 to $60,000 in profit per month to Jatenergy.  Against a current market cap. of circa $2 million and share price of $0.023, the $600,000 to $720,000 per annum completely undervalues Jatenergy.  On Proactive Investors' calculation, we have a share price target of $0.034 - $0.045 per share.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 03 Dec 2013 04:17:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/53797/jatenergy-closes-indonesian-coal-profit-share-agreement-with-chapmans-63810.html
Jatenergy gains Chapmans Ltd investment to up Indonesian coal output http://www.proactiveinvestors.co.uk/companies/news/53390/jatenergy-gains-chapmans-ltd-investment-to-up-indonesian-coal-output-63360.html Jatenergy (ASX:JAT) will gain an investment from Chapmans Limited (ASX:CHP) that will boost production at its Indonesian coal projects.

An initial investment of $200,000 will be made directly into the Jongkang project for 50% profit share with Jatenergy.

Investment company Chapmans has the option to invest a further $850,000 into Geronggang project, or Blackrock Energy, which houses the Barata projects.

Indonesian coal

Jatenergy owns the rights to five coal development projects in Kalimantan, Indonesia.

Nearly 80% of production is rated as being sub‐bituminous, having a niche position in domestic and international markets because of strong demand for environmentally friendly, low ash, sulphur and nitrogen thermal coal.

Increased Production

The investment will enable the Jongkang project to be transitioned into a higher production mine facility with a monthly production target of 20,000 tonnes per month.

If Chapman’s elects to invest the further $850,000, Jatenergy will establish a mine site at Geronggang which will take around 2‐3 months to bring into production.

The company aims to operate Geronggang at 20,000 tonnes per month and both mines will be producing coal for domestic and export use. Jatenergy will also review Sebuku for potential mine opening and exploitation.

Jongkang Project Overview


The Jongkang I and Jongkang II projects are currently in production and produced around 35,000 tonnes over the past year and were developed in December 2011 as part of a Joint Venture arrangement with a local Indonesian partner.

Located in East Kalimantan approximately 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, each concession is covered by a production license comprising 100 hectares.

Transport infrastructure is capable of handling more than 20,000 tonnes coal per month, subject to weather conditions. Upon the receipt of the investment from Chapmans, Jatenergy will move to operate the Jongkang project at increased capacity.

Chairman Tony Crimmins stated, “Jatenergy will be able to utilise this investment to significantly increase production at Jongkang and also move the Geronggang project into production.

"The company also plans to use some of the cash flow generated from these projects to plan the mining on Sebuku Island. This will change the nature of the play from short term to medium continuous production.”

 

Analysis

For Jatenergy, the third party investment allays risk while boosting short term coal production and bringing forward cash flows.

In addition, Jatenergy is due to receive $1.8 million by 17th of December, 2013 from the sale of the Coal Soil Brik project.

The company is fast shaping as an Asian energy play, leveraged to newsflow given extremely light market cap. of $2 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 19 Nov 2013 04:54:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/53390/jatenergy-gains-chapmans-ltd-investment-to-up-indonesian-coal-output-63360.html
Jatenergy earning cash flows from biofuels; under the radar http://www.proactiveinvestors.co.uk/companies/news/52781/jatenergy-earning-cash-flows-from-biofuels-under-the-radar-62689.html Jatenergy (ASX: JAT) is one of those hybrid companies generating cash flows from its biofuels business, releasing cash from sale of a conventional coal asset and replete with a technology to upgrade lower ranked coal in Asian markets.

Now Jatenergy is under the investor radar up until now but events ahead could see that change.

While it is known more for its jatropha biofuels business, and its biofuel feedstock fields in Indonesia are cash flow positive with no further costs associated, it has more feathers to its cap.

Recently, Jatenergy met the final condition to sell its Coal Soil Brik thermal coal project in Borneo, delivering US$1.8 million in cash before the end of the year, which is on top of the US$200,000 deposit paid in July.

This is also apart from a funding facility from Jiangxi Resources to provide a minimum capital investment of $500,000.

Together this will further develop Jatenergy's coal production projects and advance its coal upgrade technology.

Back to its jatropha biofuels business, the company is known to be currently in serious discussions with some large third party investors who have expressed an interest in funding increased production at the PT Jatoil Waterland Biofuel Fields in Indonesia.

Biofuels attracting third party interest

Jatropha is a perennial flowering tree, its seeds contain oil used in biofuel production.

In 2007, Goldman Sachs cited Jatropha as one of the best biodiesel production, while in 2010, global consumption of biofuels represented 3% of total fuel consumption.

Just last week Jatenergy outlined that over 530 million tonnes of Jatropha seed has been collected in the first six months of the year, with yields expected to rise in the second half of the year which is a higher production period due to weather.

The rights to these fields are held in a Joint Venture Company, PT Jatoil Waterland (PTJW), of which Jatenergy owns 70%.

PT Jatoil Waterland acquired around 2,000 hectares of Jatropha plantation in Central Java, all up to three years old and has also signed an off-take agreement covering the total production from this plantation.

Should a deal materialise this could sigificantly increase production and profit for Jatenergy at little extra cost.

So this is ticking along in the background, any deal in this alone would be value accretive for Jatenergy given its $3 million Market Cap.

If we take a look at its other projects and drivers there is a lot more not known less valued by the market.

Coal production and coal project development

Jatenergy will have completed the sale of this project to PT Prakarsa Corporindo for US$2 million with the final US$1.8 million payment being received no later than the 17th of December 2013.

Producing Assets

Jatenergy owns the rights to five coal development projects in Kalimantan, Indonesia.

- The Jongkang coal project in Kalimantan, Indonesia is currently in production with 30,000 produced in the past year.

Located in East Kalimantan approximately 5km along an existing haul road from the Mahakam River and around 25kms from a major hub of Indonesia’s coal industry in Samarinda.

- Each concession is covered by a production license comprising of 100 hectares.
- Transport infrastructure is capable of handling a maximum of 20,000 tonnes per month, subject to weather conditions.

Jatenergy aims to operate the Jongkang projects at increased capacity upon receiving third party investment. The company is currently in discussion for alternative funding arrangements.

- Jatenenergy has the rights to 30% of this project.

Indonesian coal is generally low in ash and sulphur but high in volatiles and moisture. Nearly 80% of production is rated as being sub‐bituminous, having a niche position in domestic and international markets because of strong demand for environmentally friendly, low ash, sulphur and nitrogen thermal coal.

The coal is commonly sold for blending with higher sulphur coal, enabling the lower quality product to meet emissions standards.

Now Indonesia’s coal mining sector has become one of the fastest growing industries in the country, recently overtaking Australia as the world’s largest exporter of thermal coal. Exports have increased more six‐fold from 31 million tonnes (Mt) in 1995 to 191Mt in 2009.

Its main export markets are Japan, India, Korea, Taiwan and China.

Jatenergy also has an interest in the Geronggang coal project, which consists of a 183 hectare property located within the Kotabaru regency in South Kalimantan.

In 2013 over 300m of drilling was carried out by Jatenergy and a detailed topographical survey undertaken in order to produce working mine plans.

It also has the Atan Bara coal project, a  small coal exploration project located in the North Panajam Pasir regency of East Kalinantan, about two hours drive from Balikpapan.

The concession is covered by a production license comprising 200 hectares.

Jatenergy also has the Subuku coal project, located in Sebuku island located in the southeast of Laut close to Kotabaru Kabupaten region, South Kalimantan.

According to geological information in this island there are mineral deposits that have good economic value such as coal.

There are several layers of coal at the site with seams ranging from 1.0 – 12.0 metres in thickness.

Jatenergy has further geological studies planned to confirm these initial findings.

 

Coal Plus technology in Mongolia

Another fascinating part of the Jatenergy business, is its Coal Plus technology, which is a proprietary coal upgrading technology that coverts low value brown coal into high value energy products.

Jatenergy currently has the license for the technology in Asia with the option to expand this license.

The company has already signed a licensing agreement with Monrospromugoli LCC to confirm the suitability of Jatenergy Coal Plus technology in Mongolia.

The opportunity for Jatenergy in Mongolia is extensive, with the government actively looking at cleaner energy solutions, with Ulaanbaatar the second most polluted city in the world according to the World Health Organisation.

The pollution comes from the burning of generally low grade, high moisture raw coal in power stations.

With Mongolian energy demands continuing to rapidly grow - energy demand is forecast to grow 1000mw to 4000mw in the next 10 years - the country has recognised it needs to tackle the pollution issue.

Coal Plus technology proven and operating in Asia

Unlike existing coal upgrade technologies, which are mostly at pilot plant stage, Coal Plus Technology is proven and there are currently four commercial plants operating in Asia with the fifth plant being commissioned in Pingdinshan, China.

The technology coverts low value brown coal into high value energy products. Unlike existing coal upgrade technologies which are mostly at pilot plant stage, Coal Plus Technology is proven.



Analysis

So with cash incoming to Jatenergy in December, from the sale of the coal asset; discussions continuing with third parties that could rapidly increase production and profits from its jatropha biofuels business and a licensing deal for its coal technology with Monrospromugoli LCC for Mongolian Coal Plus projects, there are plenty of catalysts ahead for this ASX junior.

Any of these could put a serious dent in the current market valuation of $3 million.  Watch this space.

 

]]>
Wed, 30 Oct 2013 03:55:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/52781/jatenergy-earning-cash-flows-from-biofuels-under-the-radar-62689.html
Jatenergy to reveal more detail on coal project sale in Indonesia http://www.proactiveinvestors.co.uk/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.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Thu, 12 Sep 2013 02:30:00 +0100 http://www.proactiveinvestors.co.uk/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.co.uk/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.

 


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 22 Jul 2013 04:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/157060/jatenergy-to-offload-coal-project-in-indonesia-for-us2m-45809.html
Jatenergy Limited in pre-open http://www.proactiveinvestors.co.uk/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.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Fri, 19 Jul 2013 03:40:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/157058/jatenergy-limited-in-pre-open-45763.html
Jatenergy invests in Indonesian coal project, starts search for partner http://www.proactiveinvestors.co.uk/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.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 25 Mar 2013 02:30:00 +0000 http://www.proactiveinvestors.co.uk/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.co.uk/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.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 07 Jan 2013 04:30:00 +0000 http://www.proactiveinvestors.co.uk/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.co.uk/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.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

]]>
Wed, 07 Nov 2012 06:15:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/157052/jatenergy-pockets-a500000-investment-from-chinese-backed-fund-35556.html
Mapal Group to test the waters with AIM float http://www.proactiveinvestors.co.uk/companies/stocktube/3871 The chief executive of Mapal Group, Zeev Fisher, explains the unique technology behind the Israeli wastewater treatment company as it prepares to raise capital via a listing on London’s AIM market.

Mapal’s bubble aeration technology water purification system is used in municipal and regional water supply systems – clients include Thames Water and United Utilities (LON:UU).

Speaking to Proactive, the CEO says there’s a growing demand to reduce energy consumption when it comes to waste water treatment and Mapal is perfectly placed to service that need.

]]>
Mon, 22 Jun 2015 07:29:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/3871