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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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Monday, 09 June 14
INDO SUB-BIT COAL SWAPS FOR Q3,Q4 OF 2014 AND Q1 2015: LOST ON DAY AND MONTH
COALspot.com: Indonesian coal swaps for average Q3’ 2014 continue last week’s trend or lost on day, week and on month according to Asia ...
Monday, 09 June 14
API 8 CFR SOUTH CHINA COAL SWAP Q3 14 DELIVERIES LOST 4.61% M-O-M
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 4.61 percent month on month and closed at US$ 71.62 per mt a ...
Sunday, 08 June 14
DRY BULK MARKET RATES FOR PANAMXES TO REMAIN VOLATILE; NO IMPROVEMENTS SEEN OVER THE WEEK
COALspot.com: Cape index increase pushes BDI index to 989 points week on week. The BDI firmed up by 5.88 pct and closed at 989 points week ended 6 ...
Saturday, 07 June 14
EVERYTHING CHANGES, AND NOTHING ABIDES - HERACLITUS
A couple of weeks ago, and while everyone was focusing on the struggling freight market, Russia and China made history by signing a three-decade lo ...
Saturday, 07 June 14
FIRST BITE AT ANTI-CORRUPTION CLAUSE - BIMCO
In recent years a number of countries have introduced anti-corruption legislation which, unfortunately, fails to recognise the practical implicatio ...
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- Sinarmas Energy and Mining - Indonesia
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- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
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- Goldman Sachs - Singapore
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- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
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- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Carbofer General Trading SA - India
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- Planning Commission, India
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- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
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- The University of Queensland
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- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
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- Electricity Authority, New Zealand
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- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
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- Romanian Commodities Exchange
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- Australian Coal Association
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- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
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- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
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- Coal and Oil Company - UAE
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- Siam City Cement - Thailand
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- Indian Oil Corporation Limited
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
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- Independent Power Producers Association of India
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- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
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- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
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- European Bulk Services B.V. - Netherlands
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- International Coal Ventures Pvt Ltd - India
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- Bhushan Steel Limited - India
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- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
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- White Energy Company Limited
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
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- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
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- Edison Trading Spa - Italy
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- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
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- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
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