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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, 09 December 14
API 8 CFR SOUTH CHINA COAL SWAPS FELL 1.8% MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 1.84 (-2.91%) month over month and US$ 0.95 (-1.52%) we ...
Monday, 08 December 14
GOVERMENT TO WITHDRAW CNC STATUS OVER SUSPECTED FLAWS - THE JAKARTA POST
The Energy and Mineral Resources Ministry’s directorate general for mineral and coal plans to review the clean and clear (CnC) status held by ...
Monday, 08 December 14
FOB NEWCASTLE COAL SWAPS SLIP W-O-W AND M-O-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery closed at US$ 52.10 on 5 December after losing US$ 0.55 (-1.04%) month over ...
Sunday, 07 December 14
SUPRAMAX S8 ROUTE SLIGHTLY INCREASED WEEK ON WEEK
COALspot.com: The BDI continued its fall as cape index fell heavily week on week.
The BDI lost around14.83 pct within last five working day an ...
Saturday, 06 December 14
TANKER FLOATING STORAGE PLAYS COULD COME INTO PLAY IF VLCC RATES STAY AT CURRENT LEVEL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Contango: A phenomenon in commodities futures price curves where the delivery price of a futures contract is greater than the current price. With t ...
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- White Energy Company Limited
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- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
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- Sindya Power Generating Company Private Ltd
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Minerals Council of Australia
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- London Commodity Brokers - England
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- McConnell Dowell - Australia
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- European Bulk Services B.V. - Netherlands
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- VISA Power Limited - India
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- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
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- Posco Energy - South Korea
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
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- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
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- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
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- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
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- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
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- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
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- Kumho Petrochemical, South Korea
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- Directorate Of Revenue Intelligence - India
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- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
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- Indian Energy Exchange, India
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- The University of Queensland
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- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
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- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
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