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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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Friday, 07 March 14
INDONESIA TO PRODUCE 421 MMT OF COAL IN 2014
Coalspot.com: Indonesia finally agreed to increased 2014 coal output by as much as 6 percent to 421 million metric tons from its previous plan, a se ...
Friday, 07 March 14
US PRODUCED 19.4 MMST OF COAL IN PAST 7 DAYS, SAYS EIA
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.4 million short tons (mmst) of coal in ...
Thursday, 06 March 14
PANAMAX MARKET IS STRUGGLING IN BOTH HEMISPHERES - FEARNRESEARCH
Handy
The Handy/Supra market experienced a rate increase in the Pacific. The activity itself is not too big, but spot tonnage is clearing up and ow ...
Wednesday, 05 March 14
THE BIG BULKERS HAVE IN FACT WITNESSED SIGNIFICANT IMPROVEMENTS IN BOTH BASINS
The BDI continues to gain back some of the lost ground, although in reality there isn't a lot to celebrate abou ...
Wednesday, 05 March 14
LEAVE IT TO CAPES TO CHANGE THE DIRECTION OF THE DRY BULK MARKET - INTERMODAL
Chartering (Wet: Stable- / Dry: Stable+)
Leave it to Capes to change the direction of the Dry Bulk market. The big bulkers managed to drag the BDI ...
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- Sarangani Energy Corporation, Philippines
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- Sojitz Corporation - Japan
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
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- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
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- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
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- Mjunction Services Limited - India
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- Videocon Industries ltd - India
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- Indian Energy Exchange, India
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- The University of Queensland
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- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
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- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
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- SMC Global Power, Philippines
- Deloitte Consulting - India
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- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
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- Indian Oil Corporation Limited
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- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
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- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
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- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
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- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Romanian Commodities Exchange
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- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
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- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
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- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
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- VISA Power Limited - India
- Coal and Oil Company - UAE
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- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Agrawal Coal Company - India
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- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
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- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
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