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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, 30 March 15
WORST IS OVER FOR THE DRY BULK MARKET, BUT THE PAIN WILL REMAIN FOR YEARS TO COME, SAYS BIMCO CHIEF ANALYST - HELLENIC SHIPPING
The current demise of the dry bulk market isn’t one to go away anytime soon. That doesn’t mean that it can’t improve, with all sh ...
Monday, 30 March 15
Q3' 15 CFR SOUTH CHINA COAL SWAP: DECLINED 8.7% M-M; 12.77% Y-TO-D
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 5.00 (-8.70%) per MT month over month and US$ 1.33 (-2 ...
Monday, 30 March 15
Q2' FOB NEWCASTLE COAL SWAP CLOSED 4.47% HIGHER THAN Q4' CLOSING PRICE
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery declined US$ 5.42 per MT (-10.43%) month over month and US$ 1.60 (-3.32%) w ...
Sunday, 29 March 15
INDO - INDIA: SUPRAMAX & PANAMAX FREIGHT MARKET STEADY
COALspot.com: The freight market was almost stable as all segments slightly up except Panamax sector.
The BDI was up by just 0.85% week over w ...
Saturday, 28 March 15
IS NORTHERN EUROPE THE NEW MINING ELDORADO?
The Europe Mining 2015 Summit, organised by Global Summits organizer IRN on 17-18 June in Amsterdam, The Netherlands, will gather senior level repr ...
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- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
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- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Bhatia International Limited - India
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- Port Waratah Coal Services - Australia
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- Energy Link Ltd, New Zealand
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- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
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- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
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- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
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- VISA Power Limited - India
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- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
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- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Planning Commission, India
- Energy Development Corp, Philippines
- The Treasury - Australian Government
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- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
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- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
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- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
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- Therma Luzon, Inc, Philippines
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