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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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Sunday, 20 July 14
THE FREIGHT MARKET CONTINUED ITS DOWNWARD TREND
COALspot.com: The market continued its downward trend this week as all segments were down compared to last week. The Cape and Panamax indices being ...
Friday, 18 July 14
3RD CHINA INTERNATIONAL SHALE GAS SUMMIT
Building on the massive success of the past 2 shale gas programs that has generated huge success by attracting 500+ industry players, and intrig ...
Friday, 18 July 14
US WEEKLY COAL PRODUCTION UP BY 1.4% TO 18.3 MMST
COALspot.com – United States the world's second largest coal producer, produced approximately 18.3 million short tons (mmst) of coal in a ...
Thursday, 17 July 14
PANAMAX : MARKET HAS COOLED DOWN AGAIN TO LOW AND DEPRESSED LEVELS
Handy
The supra market remains pretty flat in the Atlantic while for the smaller sizes there has been little reported with ships chasing business ...
Thursday, 17 July 14
INDIAN GOVERNMENT WISE TO TAKE ADVANTAGE OF CURRENTLY LOW THERMAL COAL PRICES AND SHIPPING RATES - JEFFREY LANDSBERG
With thermal coal import prices (and also shipping rates) very low at present, India's government would be very wise to take advantage of curre ...
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- Mjunction Services Limited - India
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- Indonesian Coal Mining Association
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- Attock Cement Pakistan Limited
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- Sakthi Sugars Limited - India
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- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
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- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
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- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
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- MS Steel International - UAE
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- Ministry of Finance - Indonesia
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- Bayan Resources Tbk. - Indonesia
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- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
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- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
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- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
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- Indian Oil Corporation Limited
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- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
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- Romanian Commodities Exchange
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- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
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- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
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- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
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- Indogreen Group - Indonesia
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- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
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- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
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- Leighton Contractors Pty Ltd - Australia
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- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
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- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
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- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
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- Intertek Mineral Services - Indonesia
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- Salva Resources Pvt Ltd - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
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- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
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- Bhatia International Limited - India
- Eastern Energy - Thailand
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
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- Sojitz Corporation - Japan
- White Energy Company Limited
- The State Trading Corporation of India Ltd
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- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
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- IHS Mccloskey Coal Group - USA
- The University of Queensland
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- Energy Development Corp, Philippines
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- Minerals Council of Australia
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- Australian Coal Association
- Sical Logistics Limited - India
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