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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, 27 January 14
Q3 2014 SUB-BIT INDONESIA COAL SWAP LOST GROUND, ENDS AT $60 PMT
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery lost 2.29% pmt month on month on Friday 24 January 2014. Th ...
Sunday, 26 January 14
FREIGHT RATES FALL FURTHER ON LACK OF CARGOES - SOLYM CARRIERS
COALspot.com: The freight market has continued to soften further this week with BDI down by 12.31 pct. BDI was closed at 1,246 points week ended 24 ...
Friday, 24 January 14
US COAL PRODUCTION UP 3.9% ON WEEK IN WEEK ENDED SATURDAY - EIA
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.1 million short tons (mmst) of coal in ...
Friday, 24 January 14
DRY BULK MARKET STRUGGLING TO FIND FIRM FOOTING IN START OF 2014 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been faltering since the start of 2014, struggling to hold its ground as low seasonal demand has hindered further growth in ...
Thursday, 23 January 14
PANAMAX : THIS WEEK THE ACTIVITY CAME DOWN DRAMATICALLY - FEARNRESEARCH
Handy
With the Chinese New Year approaching the activity and rate levels are sliding in both hemispheres. Rates in the Atlantic have knocked off so ...
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- Tata Chemicals Ltd - India
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- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
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- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
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- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
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- Energy Development Corp, Philippines
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- The State Trading Corporation of India Ltd
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- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
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- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
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- Agrawal Coal Company - India
- Interocean Group of Companies - India
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- Sindya Power Generating Company Private Ltd
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- TNB Fuel Sdn Bhd - Malaysia
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- Directorate General of MIneral and Coal - Indonesia
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- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
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- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
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- Power Finance Corporation Ltd., India
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- Indika Energy - Indonesia
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
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- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- The University of Queensland
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
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- Parliament of New Zealand
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- Semirara Mining Corp, Philippines
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- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
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- Energy Link Ltd, New Zealand
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- Eastern Energy - Thailand
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- Star Paper Mills Limited - India
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- Neyveli Lignite Corporation Ltd, - India
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- Chamber of Mines of South Africa
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- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
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- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
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