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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, 30 December 14
INDIA INC TO BENEFIT AS IMPORTED COAL PRICES SET TO FALL - RAHUL PRITHIANI
The Hindu: India‘s coal import volumes are set to rise by over 30 per cent over the next two years to 214 million tonnes in 2015-16, as domes ...
Tuesday, 30 December 14
U.S WEEKLY COAL PRODUCTION ALMOST FLAT AT -0.2%
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.8 million short tons (mmst) of coal ...
Monday, 29 December 14
CHINESE COAL IMPORTS: REGULATORY RISKS? - CLARKSONS
In recent years, Chinese seaborne coal imports have surged, registering average growth of 67% p.a. between 2009 and 2013 to total 265mt. However, t ...
Monday, 29 December 14
BULK MARKET ENDS YEAR ON SOUR NOTE, SHIPBROKER SEES 'BUMPY ROAD AHEAD' - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2014 was supposed to be the year that the dry bulk market would stage a comeback and a sustainable one for that matter. However, while for the most ...
Monday, 29 December 14
Q1'15 CFR SOUTH CHINA COAL SWAP CLOSED AT $59.42
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased by US$ 3.51 (-5.58%) month over month and US$ 0.08 (-0.13%) ...
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- Samtan Co., Ltd - South Korea
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- IHS Mccloskey Coal Group - USA
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- GN Power Mariveles Coal Plant, Philippines
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- Rashtriya Ispat Nigam Limited - India
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- Bulk Trading Sa - Switzerland
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- Parry Sugars Refinery, India
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- Parliament of New Zealand
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- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
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- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
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- Madhucon Powers Ltd - India
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- Global Coal Blending Company Limited - Australia
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