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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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Wednesday, 11 September 13
ASIA - PACIFIC THERMAL COAL MARKET TO REMAIN OVERSUPPLIED IN NEXT 12 MONTHS - FITCH RATINGS
COALspot.com: Fitch Ratings says the Asia-Pacific thermal coal market will remain oversupplied in the next 12 months because strong production has b ...
Tuesday, 10 September 13
COAL EXPORTS AT AUSTRALIA'S NEWCASTLE PORT SLIP 30.31% ON WEEK TO 2.36 MMT
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port down 30.31 per cent week on week to 2.36 million mt f ...
Tuesday, 10 September 13
WORLDWIDE COAL CONSUMPTION RISES SHARPLY - RA DR. ERICH SCHMITZ
By: RA Dr. Erich Schmitz, Verein der Kohlenimporteure (Germany Coal Importers Association)
World hard coal market in the first half of 2013: worl ...
Monday, 09 September 13
REBOUND IN NEWBUILDING ORDERS HASN'T HURT DRY BULK MARKET PROSPECTS, BUT SHIP OWNERS SHOULD STILL BE CAUTIOUS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Since the start of 2013 and up until the end of August, one thing has really caught the headlines in the dry bulk market, except of course, the frei ...
Sunday, 08 September 13
Q3 2014 THERMAL COAL SWAPS : STEADY DIRECTION
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery up 1.88 percent month on month. The swap was moved ...
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- Metalloyd Limited - United Kingdom
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- Independent Power Producers Association of India
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- Ministry of Mines - Canada
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- Singapore Mercantile Exchange
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- White Energy Company Limited
- Australian Coal Association
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- Deloitte Consulting - India
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- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
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- PTC India Limited - India
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
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- Indian Energy Exchange, India
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- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
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- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
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- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
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- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
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- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- OPG Power Generation Pvt Ltd - India
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- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
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- MS Steel International - UAE
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
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- Chettinad Cement Corporation Ltd - India
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- IHS Mccloskey Coal Group - USA
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- SMC Global Power, Philippines
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- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
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- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
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