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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, 26 March 14
NEWBUILDING ORDERING ACTIVITY PICKS UP PACE ON IMPROVING DRY BULK MARKET CONDITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The gradual improvement of the dry bulk market, as expected for some time now, is urging shipowners to increase their newbuilding ordering activ ...
Wednesday, 26 March 14
LARGE AMOUNT OF VESSELS CHARTERED TO HAUL IRON ORE CARGOES TO CHINESE BUYERS THIS WEEK - COMMODORE RESEARCH & CONSULTANCY
COALspot.com: Through the first three days of this week, 18 dry bulk vessels have been chartered to haul spot iron ore cargoes to Chinese buyers ...
Wednesday, 26 March 14
JOIN IN THE CLEAN COAL CASE STUDY WITH SINOPEC!
Produced by CDMC Events, The 13th Clean Coal Forum 2014 will be held on June 12,13, 2014 in Beijing, China. We are glad to invite Experts ...
Tuesday, 25 March 14
INDONESIAN SUB-BITUMINOUS COAL SWAP FOR Q2 DELIVERY CLOSED $ 57.40 PMT W/E 21 MARCH 2014
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 gained this pa ...
Tuesday, 25 March 14
NEWCASTLE COAL EXPORTS JUMP 29.16% TO 2.79 MMT WEEK ON WEEK
COALspot.com: In the week ended 24 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 2.79 ...
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- Indian Oil Corporation Limited
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- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
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- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
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- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
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- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
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- Indika Energy - Indonesia
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- Goldman Sachs - Singapore
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- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
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- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
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- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
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- Chamber of Mines of South Africa
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- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
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- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
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- Sakthi Sugars Limited - India
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- IHS Mccloskey Coal Group - USA
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- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
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- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
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- Riau Bara Harum - Indonesia
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- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
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- Kalimantan Lumbung Energi - Indonesia
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- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
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- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
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- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- The University of Queensland
- The Treasury - Australian Government
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- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
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