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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, 09 December 12
LOW DEMAND PUSHES CHARTER RATES TOWARDS DOWN - VISTAAR
COALspot.com - The freight market has softened and BDI, The Baltic Dry Index, a measure of shipping costs for dry bulk goods, plunged below 10 ...
Friday, 07 December 12
A NEW PHASE FOR AUSTRALIAN RESOURCES - A FITCH STREET INTERVIEW
This week Matt Jamieson spoke with Andrew Colquhoun in Fitch's Asian sovereign rating team, and Vicky Melbourne, Fitch's commodity analyst based i ...
Friday, 07 December 12
SHIPPING INDUSTRY LOOKING ON YET ANOTHER TOUGH YEAR AS WE APPROACH 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With shipping finance "on the ropes" as traditional lenders appear to be cutting their losses and tonnage oversupply still the most import ...
Thursday, 06 December 12
PANAMAX : THE POSITIVE VIBES IN THE ATLANTIC REMAINS - FEARNLEYS AS
Handy
The Atlantic market is still depressed with dearth of cargoes and more ships. The trips from Continent to Feast fixed around USD 12k. Trips f ...
Thursday, 06 December 12
STRONG CHINESE DEMAND FOR DRY BULK COMMODITIES EXPECTED FOR 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A new analysis from BIMCO released yesterday suggests that 2013 is expected to be a stronger year in terms of China's "hunger" for commod ...
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- Videocon Industries ltd - India
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- Riau Bara Harum - Indonesia
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- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
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- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
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- European Bulk Services B.V. - Netherlands
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- ICICI Bank Limited - India
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- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
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- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
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- CIMB Investment Bank - Malaysia
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- Merrill Lynch Commodities Europe
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- Romanian Commodities Exchange
- Mjunction Services Limited - India
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- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
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- The University of Queensland
- Attock Cement Pakistan Limited
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- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Eastern Coal Council - USA
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- Thai Mozambique Logistica
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- The State Trading Corporation of India Ltd
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- White Energy Company Limited
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- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
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- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
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- Binh Thuan Hamico - Vietnam
- Australian Coal Association
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- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
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- AsiaOL BioFuels Corp., Philippines
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- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
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- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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