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Monday, 12 November 12
BARGE-LOAD OF 5K TONNES OF COAL FROM THE ADK JOINT VENTURE SHIPPED LAST WEEK
COALspot.com - Orpheus Energy (ASX:OEG) has announced that, it has successfully shipped a 5,000 tonne of ADK thermal coal to an Indonesian trading group.
According to a note from Orpheus Energy, this shipment, the first since the recent unseasonal heavy rain and major flooding in the Kintap area, is a trial shipment for the trading group, which is negotiating with Orpheus to enter into a regular supply contract. The coal has a typical South Kalimantan product specification of 5500-5300 Kcal/Kg (ADB), and is low in ash and sulphur.
This trial shipment earns the ADK Joint Venture a ~$5 per tonne net margin (OEG has a 50% equity interest in ADK). Long-term and spot contracts are under negotiation for the current 50,000+ tonne stockpile and ongoing production.
- First coal sales achieved after recent flooding of South Kalimantan Kintap area
- Barge-load of 5000 tonnes from the ADK Joint Venture shipped last week
- 50,000+ tonnes on coal stockpile awaiting delivery to buyers this month
The SKJM port is located approximately 6km from the ADK coal mine. Travel time is about two hours by barge to ships offshore where the loading time is then about 6-7 hours per barge. There is sufficient infrastructure capacity at SKJM and the nearby SSDK port for Orpheus to achieve its initial production target of 50,000 tonnes per month.
Executive Chairman Wayne Mitchell said: “We are very pleased to report to shareholders that our ADK mine is operational again and that we are selling coal. Despite the current challenging trading conditions, Orpheus is still able to make a profit on sales, and as we ramp up production to our target 50,000 tonnes per month, the net margin is expected to increase. We are on target to becoming a cash-flow positive company in the near term”.
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Thursday, 22 November 12
HANDY: INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 12500 - FEARNRESEARCH
Handy
The north Continent is seeing plenty of tonnages but lack of cargoes. TA business are around 11k and fronthaul is around 17k.Tonnages has tig ...
Thursday, 22 November 12
DRY BULK MARKET RISE, BUT OUTLOOK SEEN DIM ON THE BACK OF RECORD NEW BUILDING DELIVERIES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been under hefty pressure since the start of the year, as a result of record newbuilding deliveries and below-par demand for ...
Wednesday, 21 November 12
LITTLE IMPACT FROM DISSOLUTION OF BP MIGAS ON INDONESIAN OIL & GAS COMPANIES - FITCH
Fitch Ratings has said that the recent court order to abolish the Indonesian upstream oil and gas regulator, BP Migas, has minimal immediate impact ...
Wednesday, 21 November 12
ORPHEUS ENERGY SECURES FIRST COAL OFF TAKE CONTRACT
COALspot.com - Orpheus Energy Limited (ASX:OEG) has announced that it has signed a coal sales contract with an Indonesian steel manufacturing compan ...
Tuesday, 20 November 12
AUSTRALIAN NEWCASTLE PORT HAS LOADED 13.18 PERCENT LESS COAL W-W
COALspot.com - Newcastle port in Australia has loaded 2,691,731 MT of thermal and coking coal for week ended 0700 hours 19 November 2012, Newc ...
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- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- White Energy Company Limited
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Planning Commission, India
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
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