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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, 30 November 12
IS INDONESIAN COAL INDUSTRY DEPENDS HEAVILY ON INDIA AND CHINA?
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 35,143,587* tons of coal in October 2012. October exports are 19 ...
Thursday, 29 November 12
BUMI TO PRODUCE 100 MILLION TONS OF COAL BY 2014
COALspot.com - Expansions on both BUMI’ s subsidiaries, PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia ( Arutmin) , are ...
Thursday, 29 November 12
PANAMAX : A FAIRLY STEADY MARKET WITH USD 8.5-9K/DAY FOR 2 LADEN LEGS IN ATLANTIC - FEARNLEYS
Handy
The Atlantic market continues to remain quiet due to more supply of ships. Rates from USG to Far East were around USD 18k and Black Sea to Fa ...
Thursday, 29 November 12
DRY BULK MARKET SLIGHTLY HIGHER DESPITE LULL ACTIVITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market was marginally higher yesterday, according to the industry's benchmark, the Baltic Dry Index (BDI), which rose by 7 points to 1 ...
Wednesday, 28 November 12
NEWBUILDING ORDERING PICKS UP AS SHIP OWNERS LOOK TO CLOSE DEALS BEFORE THE END OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners are active once again in the newbuilding ordering market, as they look to clinch deals ahead of the end of the year. Once again their fo ...
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- Oldendorff Carriers - Singapore
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- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
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- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
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- Eastern Energy - Thailand
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- Planning Commission, India
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- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
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- New Zealand Coal & Carbon
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- Meralco Power Generation, Philippines
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- SMC Global Power, Philippines
- Baramulti Group, Indonesia
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- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
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- Indian Energy Exchange, India
- Sojitz Corporation - Japan
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- Agrawal Coal Company - India
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- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
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- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
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- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- McConnell Dowell - Australia
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- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
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- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
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- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
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- ASAPP Information Group - India
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
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- Thai Mozambique Logistica
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- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
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- Wilmar Investment Holdings
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- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
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- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Global Coal Blending Company Limited - Australia
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- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
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- Jindal Steel & Power Ltd - India
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