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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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Friday, 28 August 15
DRY BULK SHIP OWNER OPTIMISTIC ABOUT FUTURE PROSPECTS OF THE MARKET: NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Dry bulk ship owner Golden Ocean appeared optimistic on the long term prospects of the dry bulk market, mainly thanks to an expected resolution of ...
Friday, 28 August 15
COAL PRODUCTION IN THE U.S. FOR THE WEEK ENDING AUGUST 22 ROSE FOR THE THIRD STRAIGHT WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 18.5 million shor ...
Friday, 28 August 15
BANPU STRENGTHENS GROWTH PLAN
Coal Business: Asia-Pacific Synergies Increase Competitiveness for Premium Export Market.
Banpu Public Company Limited (BANPU) strengthens its ...
Thursday, 27 August 15
RATES FOR CAPES REMAINED ON A FREE FALL LAST WEEK - INTERMODAL
COALspot.com: Keeping everyone on their toes with the volatility seen in August, the Dry Bulk market undoubtedly remains a steady provider of chall ...
Wednesday, 26 August 15
MARKET INSIGHT - STRATOS TINIAKOS
It’s always interesting to comment on the market when big economies around the world are facing troubling times. Following the collapse of th ...
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- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
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- Heidelberg Cement - Germany
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- The State Trading Corporation of India Ltd
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- Mercator Lines Limited - India
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- International Coal Ventures Pvt Ltd - India
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- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
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- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
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- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
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- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
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- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Planning Commission, India
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
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- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
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- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
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- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
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- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
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- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
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- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Romanian Commodities Exchange
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- Posco Energy - South Korea
- Economic Council, Georgia
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- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
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- Meralco Power Generation, Philippines
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- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
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- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
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- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
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- Parliament of New Zealand
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- The University of Queensland
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