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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, 20 September 13
DRY BULK MARKET REACHES NEW HEIGHTS THIS WEEK STANDING AT THREE-YEAR HIGH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The biggest rally of the dry bulk market in more than three years have brought back joy among ship owners, especially those active in the Capesize m ...
Friday, 20 September 13
US COAL PRODUCTION SLIGHTLY UP WEEK ON WEEK
COALspot.com – United States the world’s second largest coal producer produced totalled approximately 20.30 million short tons (mmst) of ...
Friday, 20 September 13
COLOMBIA SHIPPED 31.14 MILLION TONS OF THERMAL COAL IN H1
COALspot.com : Colombia’s coal exports fell by 20.59 percent in June 2013 compared to Colombia’s May's export of 7,633,579 MT.
Colom ...
Thursday, 19 September 13
CAPESIZE : AVERAGE DAILY EARNINGS HAVE GAINED ALMOST USD 6K WOW - FEARNLEYS
Handy
The rates in Feast are still firm this week even the activity calmed down a bit as chrtrs are not in a rush to cover even their end Sept carg ...
Wednesday, 18 September 13
IRON ORE AND ZINC ARE BEST PERFORMING MINING SECTORS IN CURRENT LOW PRICE, HIGH COST ENVIRONMENT - WOOD MACKENZIE
With the fall in commodity prices, cash margins in the mining industry have come under pressure. Accordingly, producers and investors are placing in ...
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- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- The University of Queensland
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Australian Coal Association
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
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