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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, 13 January 15
MORE PITFALLS FOR OWNERS LOOKING TO TERMINATE FOR UNPAID HIRE - INCE & CO
KNOWLEDGE TO ELEVATE
It is a debatable point whether or not the obligation to pay hire under a time charter is a condition of the contract or ...
Tuesday, 13 January 15
Q2 CFR SOUTH CHINA COAL SWAP DECLINED 8.66% M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery declined by US$ 3.48 (-5.73%) month over month and US$ 2.35 (-3.94%) week ...
Tuesday, 13 January 15
Q1' 2015 RICHARDS BAY COAL SWAP SLIGHTLY HIGHER THAN Q2 & Q4 2015 SWAPS
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q1' 2015 lost month on month and week over week.
The Q1 swap has lost US$ 7.21 ...
Monday, 12 January 15
COAL: LOW PRICES ARE EXPECTED TO DRIVE A SUPPLY-DRIVEN RECOVERY IN THE MEDIUM TERM - SGX
COALspot.com: Thermal coal prices dropped to six-year lows in 2014 driven by persistent oversupply, SGX says in its “ Commodities 2014 - A ye ...
Monday, 12 January 15
FREIGHT MARKET: 2015 FLEET SUPPLY GROWTH IS EXPECTED TO REMAIN SLIGHTLY AHEAD OF CARGO GROWTH - SGX
COALspot.com: The dry bulk freight market was forced to digest a number of negatives in 2014 leading the Baltic Dry Index to fall 66% through the y ...
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- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
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- Orica Mining Services - Indonesia
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- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
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- Tata Chemicals Ltd - India
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- Krishnapatnam Port Company Ltd. - India
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- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
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- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
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- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
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- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
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- New Zealand Coal & Carbon
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- Anglo American - United Kingdom
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Trasteel International SA, Italy
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- Merrill Lynch Commodities Europe
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- Standard Chartered Bank - UAE
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- IEA Clean Coal Centre - UK
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- Indogreen Group - Indonesia
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- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
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- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
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- Australian Commodity Traders Exchange
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- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
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- Antam Resourcindo - Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
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- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- The University of Queensland
- Thai Mozambique Logistica
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- Wilmar Investment Holdings
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- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
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- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
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- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- White Energy Company Limited
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
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- Kalimantan Lumbung Energi - Indonesia
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- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
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