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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, 17 August 15
INDONESIAN THERMAL COAL REFERENCE PRICE HITS RECORD LOW AGAIN!
COALspot.com - The Director General of Mineral and Coal of Indonesia revised down Indonesian coal benchmark price once again to US$ 59.14 per MT fo ...
Monday, 17 August 15
CFR SOUTH CHINA COAL SWAPS CONTINUE TO HEAD SOUTH
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US cents 40 (1.05%) per MT month over month.
A commodi ...
Sunday, 16 August 15
INDONESIA TO INDIA FREIGHT RATES ARE EXPECTED TO STEADY NEXT WEEK
COALspot.com: The BDI softened 12.08 per cent to 1055 points this week due to weakening of cape index which was fell 25 per cent week over week to ...
Friday, 14 August 15
FOB INDONESIA COAL SWAP SHOWING NO MOVEMENT THIS PAST WEEK
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and week over week, this past week.
The 4Q swap was declined $ ...
Friday, 14 August 15
U.S. COAL PRODUCTION UP 2.9 PER CENT THIS WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 18.2 million shor ...
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- Edison Trading Spa - Italy
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- International Coal Ventures Pvt Ltd - India
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- Bhatia International Limited - India
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- Altura Mining Limited, Indonesia
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- Economic Council, Georgia
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- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Baramulti Group, Indonesia
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- PowerSource Philippines DevCo
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- IEA Clean Coal Centre - UK
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- Sojitz Corporation - Japan
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- The University of Queensland
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- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
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- Savvy Resources Ltd - HongKong
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- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
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- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
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- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
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- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- The Treasury - Australian Government
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- Simpson Spence & Young - Indonesia
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- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
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- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
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