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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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Tuesday, 25 June 13
NEWCASTLE PORT SHIPPED OUT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 3,101,378 tons of coal for the week ended 0700 hours 24 June 2013, Newcastle Port Corp. ...
Monday, 24 June 13
INDONESIA COAL SWAP FOR AUGUST 2013 DELIVERY GAINS WEEK ON WEEK
COALspot.com – Coal prices for immediate supply contracts have started moving up, but prices for next year supply shows a negative trend ...
Sunday, 23 June 13
BDI CROSSED ITS PSYCHOLOGICAL BARRIER THIS WEEK - VISTAAR
COALspot.com : The BDI crossed the psychological barrier of 1000 points after many months and closed at 1,027 points, which were up by 14.11 pct wee ...
Sunday, 23 June 13
SHIP PRICES NOT FOLLOWING FREIGHT MARKET FUNDAMENTALS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Although it's been the case in many occasions in the past, it appears that ship prices haven't been quite following freight market fundamentals, i ...
Friday, 21 June 13
U.S. COAL PRODUCTION INCREASED WEEK ON WEEK, EIA SAYS
COALspot.com – United states the world’s second largest coal producer produced totalled approximately 19.70 million short tons (mmst) of ...
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- European Bulk Services B.V. - Netherlands
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- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
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- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
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- Mintek Dendrill Indonesia
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
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- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- IHS Mccloskey Coal Group - USA
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- SMC Global Power, Philippines
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- Sree Jayajothi Cements Limited - India
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- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
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- Ministry of Finance - Indonesia
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- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
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- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
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- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
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- Barasentosa Lestari - Indonesia
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- Sindya Power Generating Company Private Ltd
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- Globalindo Alam Lestari - Indonesia
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- Intertek Mineral Services - Indonesia
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- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
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- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
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- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
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- Vedanta Resources Plc - India
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