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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, 28 April 15
Q2' 15 FOB RICHARDS BAY COAL SWAP CLOSED 4.18% HIGHER FROM MONTH AGO
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q2' 2015 increased month over month and slightly week over week.
The Q2 swap ha ...
Monday, 27 April 15
U.S. COAL PRODUCTION FELL BELOW ONE BILLION SHORT TONS IN 2013 - EIA
COALspot.com: For the first time in two decades, U.S. coal production fell below one billion short tons to 984.8 million short tons in 2013 from 1, ...
Monday, 27 April 15
Q3' 2015 FOB NEWCASTLE COAL SWAP CLOSED 3.69% LOWER THAN Q2' 2015 PRICE OF $46.36
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery gained US$ 0.19 per MT (0.41%) month over month and US$ 0.78 week on week. ...
Monday, 27 April 15
CFR SOUTH CHINA COAL SWAP SLOWLY IMPROVED THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 0.74 (-1.41%) per MT month over month and increased US$ 0.43 ...
Sunday, 26 April 15
DRY BULK MARKET KEPT IMPROVING THIS WEEK; CAPES AND PANAMAXES SHOW A SLIGHT PICKUP IN RATES
COALspot.com: The freight market was stable this week as BDI closed at 600 points after improving 0.50 percent week over week.
The cape ...
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- Economic Council, Georgia
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- Singapore Mercantile Exchange
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- Parliament of New Zealand
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- Directorate Of Revenue Intelligence - India
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- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
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- Ministry of Mines - Canada
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- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
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- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
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- Kumho Petrochemical, South Korea
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- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
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- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
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- Deloitte Consulting - India
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- Coal and Oil Company - UAE
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- MS Steel International - UAE
- SMG Consultants - Indonesia
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- Kartika Selabumi Mining - Indonesia
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- Australian Coal Association
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- Standard Chartered Bank - UAE
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- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
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- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
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