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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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Tuesday, 24 November 15
COAL PRICES SET TO REMAIN UNDER PRESSURE UNTIL 2016 DUE TO OVER SUPPLY GLUT; H1 '16 COAL SWAPS DOWN 13% M-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $5 per ton (12.05%) month over month to US$ 36.50 per ton. The s ...
Monday, 23 November 15
NEGATIVE 2016 OUTLOOK FOR WESTERN EUROPEAN STEEL - SAYS FITCH RATINGS
COALspot.com: European steel in 2016 are both negative for the sector and for issuer ratings.
This reflects our expectation that import levels ...
Monday, 23 November 15
DRY BULK MARKET: NET FLEET GROWTH IS SLOWING DOWN, AS SHIP OWNERS ARE LOOKING FOR WAYS TO ALLEVIATING MARKET MELTDOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been in “meltdown” mode for a few weeks now, unable to find support and avoid the fall in historical lows. As s ...
Monday, 23 November 15
CS50 COAL INDEX CLOSED AT $40.27 PER TON; FELL 0.15% FROM LAST WEEK
COALspot.com: The 5700 GAR CS (i) coal index fell by US cents 3 per ton week over week on 20 November 2015. CS 57 (5700 GAR coal) index closed at U ...
Monday, 23 November 15
CFR SOUTH CHINA COAL SWAPS FALL FURTHER ON LOW DEMAND
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery declined US$ 6.75 (13.99%) per ton month over month.
A commodity swa ...
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- Independent Power Producers Association of India
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
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- Simpson Spence & Young - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
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- Australian Commodity Traders Exchange
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- Directorate General of MIneral and Coal - Indonesia
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- GAC Shipping (India) Pvt Ltd
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- Aditya Birla Group - India
- Anglo American - United Kingdom
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- Indonesian Coal Mining Association
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- Economic Council, Georgia
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- Trasteel International SA, Italy
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- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
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- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- White Energy Company Limited
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
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- Borneo Indobara - Indonesia
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- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
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- Mercator Lines Limited - India
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- Planning Commission, India
- Sindya Power Generating Company Private Ltd
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- Petron Corporation, Philippines
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- Parliament of New Zealand
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- Global Green Power PLC Corporation, Philippines
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- Orica Mining Services - Indonesia
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- Lanco Infratech Ltd - India
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- Directorate Of Revenue Intelligence - India
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- Attock Cement Pakistan Limited
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- Indian Energy Exchange, India
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- The State Trading Corporation of India Ltd
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- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
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- GVK Power & Infra Limited - India
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- Dalmia Cement Bharat India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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