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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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Monday, 12 October 15
DRY BULK SHIPPING: MARKETS ARE SLOWLY IMPROVING FROM A VERY LOW LEVEL AS THE DEMAND SIDE FALTERS - HELLENIC SHIPPING NEWS
The dry bulk market is in the midst of a shift in demand patterns, which coupled with a tonnage supply overhang, has been facing headwinds over the ...
Monday, 12 October 15
BDI WEIGHED DOWN BY CAPE
COALspot.com: The BDI (Baltic Dry Index) has come back down again this week. The BDI is a benchmark index used to assess the overall cost of moving ...
Sunday, 11 October 15
TANKER SHIPPING: MORE OPTIMISM IN SIGHT FOR TANKERS IN THE WINTER SEASON - BIMCO
Demand:
2015 has been the year of the tanker. The fundamental improvements with slow supply-side growth for some years coupled with low oil pri ...
Friday, 09 October 15
US WEEKLY COAL OUTPUT UP 1.2 PERCENT TO 17.7 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.7 million shor ...
Thursday, 08 October 15
CAPESIZE: MOST PEOPLE AGREE A SPIKE IN RATES WILL HAPPEN; WHEN, HOW LONG AND HOW SUBSTANTIAL? - FEARNLEYS
Cape
Depressives start of the fourth quarter, with c3 approaching USD 12 pmt and c5 presently in the mind 5's. According to Fearnleys ship br ...
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- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- PTC India Limited - India
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- The University of Queensland
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
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