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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 company, located in Banjarmasin, South Kalimantan.
- Coal sales purchase agreement signed to supply coal to an Indonesian steel manufacturing group
- 8,000 – 10,000 tonnes per month of ADK coal to be delivered to the buyer
- Benchmark pricing with quarterly reviews
According to company’s press note, under the terms of this initial agreement, the off taker will purchase thermal coal from Orpheus Energy’s ADK Kintap mine f or one year, commencing December 2012, at the rate of 8,000 – 10,000 tonnes per month. The coal will be transported by truck to the steel operation, approximately 140km from ADK, for use in power generation at the facility.
The coal will be sold at benchmark pricing, with quarterly adjustments, and the coal specification requires the following characteristics: Calorific Value 5500-5300 Kcal/Kg (ADB), 33-35% Total Moisture (ADB), 2-4% Ash (ADB), and 0.5% Sulphur (ADB).
Executive Chairman Wayne Mitchell said: “ We recently told shareholders that we were in negotiations regarding longer term contracts for our ADK coal and we are now happy to announce our first off take agreement. The benchmark pricing outcome represents a vote of confidence in the company’s ability to deliver, and positions us t o sell increasing quantities of coal as our mines ’ capacity grows. This is an important milestone in our plans to establish Orpheus Energy as a significant supplier of coal to both export and Indonesian domestic markets”, a note from company said.
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Thursday, 03 December 15
DRY BULK: THERMAL COAL LOWER USAGE UNDER A POTENTIAL NEW CLIMATE DEAL WILL ADVERSELY IMPACT THE MARKET'S RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In direct contrast to the tanker market, the dry bulk one has seen demand for key commodities, such a coal, dwindling down over the course of the p ...
Thursday, 03 December 15
PANAMAX BUSINESS REMAINED UNDER PRESSURE LAST WEEK
COALspot.com: Following the new record lows the Dry Bulk market witnessed the week prior, the BDI took a much needed breath during the past days.
...
Wednesday, 02 December 15
Q3' 16 FOB RICHARDS BAY COAL SWAP SLIGHTLY UP FOR THE THIRD STRAIGHT WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 up month over month and fell week over week.
The Q1’ 2016 &nbs ...
Wednesday, 02 December 15
MARKET INSIGHT - VASSILIS LOGOTHETIS
Boom and bust cycles in commodity prices are not something rare, yet they have important implications both for the world economy in general and for ...
Tuesday, 01 December 15
FOB NEWCASTLE COAL SWAP UP THIS PAST WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $3.75 per ton (9.26%) month over month to US$ 36.75 per ton. The swap ...
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- Billiton Holdings Pty Ltd - Australia
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- Tamil Nadu electricity Board
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- Commonwealth Bank - Australia
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- Eastern Energy - Thailand
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- Planning Commission, India
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- Power Finance Corporation Ltd., India
- Economic Council, Georgia
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- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
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- Africa Commodities Group - South Africa
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- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
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- Ministry of Mines - Canada
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- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Banpu Public Company Limited - Thailand
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- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
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- Bukit Asam (Persero) Tbk - Indonesia
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- Aboitiz Power Corporation - Philippines
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- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
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- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
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- The State Trading Corporation of India Ltd
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- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
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- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
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- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
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- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
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- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
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- IHS Mccloskey Coal Group - USA
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- Mercator Lines Limited - India
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- Pendopo Energi Batubara - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
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- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
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