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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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Thursday, 12 June 14
HANDY : TA MARKET IS CONTINUING SOUTH WITH A DECREASE OF 26% W-O-W
Handy
The week started off with holidays in most European countries and the TA market is continuing south with a decrease of 26% w-o-w. We do see ...
Thursday, 12 June 14
CONSOLIDATION IS THE ' NAME OF THE GAME' WHEN IT COMES TO SHIPYARDS ACROSS ASIA - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Intense competition, a swelling of new greenfield shipyards over the past few years mainly in China, especially prior to the 2008 global financial ...
Wednesday, 11 June 14
INDONESIA'S COAL EXPORT VOLUME AND REVENUE SLIPS 2.75% AND 6.73% RESPECTIVELY IN APRIL
COALspot.com: Indonesia, one of the world's largest coal producer and the global largest multi grade coal exporter shipped around $1.8* b ...
Wednesday, 11 June 14
BPI TOUCHING A NEW LOW FOR THE YEAR
The Dry Bulk market closed off the week positively, on the back of firming Capesize rates, while the market overall continues to face a very challe ...
Monday, 09 June 14
GOVT GETS TOUGH ON ILLEGAL MINING, SUSPENDS LICENSES - THE JAKARTA POST
The government has temporarily suspended the licenses of 62 mineral and coal transportation companies as part of its efforts to curb illegal mining ...
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- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Economic Council, Georgia
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- PTC India Limited - India
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- The University of Queensland
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- White Energy Company Limited
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