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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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Sunday, 24 November 13
SUPRAMAX FREIGHT RATES REMAINED FIRM FROM INDONESIA TO INDIA AND CHINA - SOLYM
COALspot.com: The freight market was fairly steady except for the Supramax in SE Asia region which continued to remain firm. The BDI was down by 1.5 ...
Friday, 22 November 13
DRY BULK MARKET STILL LACKLUSTRE, DESPITE PROJECTIONS OF A NEW RALLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
We might still be about six weeks far from the end of the year, but the projected by many analysts upcoming rally of the dry bulk market, hasn't ye ...
Friday, 22 November 13
US COAL PRODUCTION DOWN 1.3% W-W
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.5 million short tons (mmst) of coal in ...
Thursday, 21 November 13
TAIPOWER TO PROCURE 750K MT OF 5500 GAR BITUMINOUS COAL FOR MAY - AUGUST 2014
COALspot.com: Taiwan Power Company intends to procure 750,000 metric tons of bituminous coal with calorific value not lesser than 5,500 kcal/kg on a ...
Thursday, 21 November 13
CAPESIZE : THE DOWNWARD TREND HAS TURNED INTO NOTABLE SPOT AND PERIOD IMPROVEMENT - FEARNLEYS
Handy
The Atlantic market experienced a general rate increase for most trades this week. More cargoes in the market and chrts looking for prompt t ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
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