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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, 13 October 13
API 8 CFR SOUTH CHINA COAL - AVERAGE Q4 2013 DELIVERY FELL 0.30 PERCEPT ON WEEK
COALspot.com : API 8 CFR South China Coal swaps for average Q4 2013 delivery fell 0.30 percept week on week on Friday 11 October 2013. The CFR South ...
Saturday, 12 October 13
PANAMAX: OWNERS ARE AT US$ 17-18.5K PER DAY; CHARTERERS ARE AT US$ 15.5-16K - CAPT. REDDY
COALspot.com - The futures market was heavily down on the cape size vessels and the physical average charterer rates on cape size vessels dropped by ...
Friday, 11 October 13
DRY BULK FREIGHT RATE POSITIVE MOMENTUM TO BE SUPPORTED BY HIGHER DEMAND SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
BIMCO released its latest short term research on the shipping markets, estimating that the elevated level of Capesize TC average rates i ...
Friday, 11 October 13
US COAL PRODUCTION FALLS 7.70% IN SEPTEMBER
COALspot.com – United States the world’s second largest coal producer produced approximately 17.70 million short tons (mmst) of coal in ...
Thursday, 10 October 13
NPC AUSTRALIA SHIPPED 2.99 MILLION TONS OF COAL W-O-W
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 12.04 per cent week on week to 2.99 million mt for ...
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- Xindia Steels Limited - India
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- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
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- Petron Corporation, Philippines
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- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
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- Australian Commodity Traders Exchange
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- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
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- Ministry of Mines - Canada
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- SMC Global Power, Philippines
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- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
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- Thai Mozambique Logistica
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- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- The Treasury - Australian Government
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- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Bangladesh Power Developement Board
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- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
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- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
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- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- The University of Queensland
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
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- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
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- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
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- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
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- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
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- Indonesian Coal Mining Association
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- Planning Commission, India
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- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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