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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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- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Posco Energy - South Korea
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
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