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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, 13 September 13
DIRECTOR GENERAL OF MINERAL AND COAL OF INDONESIA REVISED UP COAL PRICE REFERENCE TO US$ 76.89
COALspot. com - The Indonesian government has revised up its owned coal bench mark price by US$ 0.19/ MT to US$ 76.89 for September 2013 deliveries ...
Thursday, 12 September 13
PANAMAX : PACIFIC ROUNDS ARE NOW REPORTED BETWEEN USD 13K AND 15K PER DAY - FEARNRESEARCH
Handy
Nickel ore is a key support SE Asia/Feast rate at the moment; vessel in N.China were fixed around USD 11-12k, ships in mid China can expect a ...
Thursday, 12 September 13
CAPESIZE MARKET WILL BECOME EVEN TIGHTER - JEFFREY LANDSBERG
COALspot.com : While it is no secret that current capesize availability has become tight and has caused capesize rates to surge, availability is set ...
Thursday, 12 September 13
OVER THE WORST? WE MIGHT FIND OUT THIS WEEK - BIMCO
The shipping market has a spring in its step, even as summer draws to a close. There is it seems, confidence that finally, we are emerging into the ...
Thursday, 12 September 13
DRY BULK MARKET RALLY COMES AT A GOOD TIME FOR MOST SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The latest surge of the dry bulk market has helped offset other lingering factors, which otherwise, could have plunged freight rates to new lows. Fo ...
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- Vedanta Resources Plc - India
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- Tamil Nadu electricity Board
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- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
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- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
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- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- CNBM International Corporation - China
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- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
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- Power Finance Corporation Ltd., India
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- Australian Commodity Traders Exchange
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- India Bulls Power Limited - India
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- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
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- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
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- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
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- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Posco Energy - South Korea
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- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
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- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
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- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
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- Planning Commission, India
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- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
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- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
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- Sinarmas Energy and Mining - Indonesia
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- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
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- PNOC Exploration Corporation - Philippines
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- Maheswari Brothers Coal Limited - India
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- Riau Bara Harum - Indonesia
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- International Coal Ventures Pvt Ltd - India
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- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Parliament of New Zealand
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- Coal and Oil Company - UAE
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- Wilmar Investment Holdings
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