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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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Wednesday, 19 November 14
SHIPPING MARKET INSIGHT - BY KATERINA RESTIS
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FOB RICHARDS BAY COAL SWAP FOR Q1' 2015 DELIVERY CLOSED AT $ 66.31; UP 1.33% W-O-W
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Tuesday, 18 November 14
CHEAP OIL PRICES COULD RESHAPE GLOBAL OIL EXPORTING MAP - HELLENIC SHIPPING
Tanker owners have enjoyed a rather healthy 2014, but as the year draws to a close, the fall of oil prices is bound to reshape traditional, as well ...
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- Globalindo Alam Lestari - Indonesia
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- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
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- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- The Treasury - Australian Government
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Parliament of New Zealand
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
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- OPG Power Generation Pvt Ltd - India
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- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
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- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
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- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- The University of Queensland
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- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
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- European Bulk Services B.V. - Netherlands
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- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
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- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
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- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
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- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- MS Steel International - UAE
- Australian Coal Association
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
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