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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 September 14
WEAK M&A DESPITE ABUNDANT DISTRESSED INDONESIA COAL ASSETS - FITCH RATINGS
COALspot.com: Fitch Ratings says that a meaningful level of merger and acquisition (M&A) activity leading to a consolidation of the coal sector ...
Tuesday, 09 September 14
PORT OF NEWCASTLE SHIPPED 13.207 MTN OF COAL IN AUGUST; TRADE VALUE AROUND $1.17 BILLION
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1.17 billio ...
Monday, 08 September 14
SUB-BIT FOB INDONESIA COAL SWAP UNDERPERFORMED LAST WEEK
COALspot.com: Indonesian coal swaps for average October 2014 decreased US$ 0.20 (-0.39%) day on day and US$ 1.60 (-3.04%) per mt week on week. The ...
Monday, 08 September 14
API 8 CFR SOUTH CHINA COAL SWAP FOR DELIVERY JAN'15 CLOSED AT US$ 66.30 PMT W/E 5 SEPTEMBER 2014; LOST 5.15% M-O-M
COALspot.com: API 8 CFR South China Coal swap for delivery in October 2014 decreased US$ 0.15 (-0.23%) day on day and US$ 2.05 (-3.04%) week on wee ...
Monday, 08 September 14
CHINESE IRON ORE IMPORT DEMAND VERY STRONG - COMMODORE
COALspot.com: 30 dry bulk vessels were chartered in the spot iron ore market last week to haul iron ore import cargoes to Chinese buyers.
Acco ...
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- The State Trading Corporation of India Ltd
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- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
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- Minerals Council of Australia
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- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
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- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
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- VISA Power Limited - India
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- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
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- The University of Queensland
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
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- Leighton Contractors Pty Ltd - Australia
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- PowerSource Philippines DevCo
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- ASAPP Information Group - India
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- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
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- Wood Mackenzie - Singapore
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- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
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- Energy Link Ltd, New Zealand
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- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Economic Council, Georgia
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- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
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- Ministry of Transport, Egypt
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- Coal and Oil Company - UAE
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- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
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- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
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- Indonesian Coal Mining Association
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- Parliament of New Zealand
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- White Energy Company Limited
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- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
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- Orica Australia Pty. Ltd.
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- Independent Power Producers Association of India
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Chamber of Mines of South Africa
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Aditya Birla Group - India
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- Petron Corporation, Philippines
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- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
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- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Indian Energy Exchange, India
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- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
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- Indian Oil Corporation Limited
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- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
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