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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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Monday, 19 November 12
IHS MCCLOSKEY ASIA PACIFIC COAL OUTLOOK CONFERENCE 2012
With the current global oversupply of thermal coal showing no signs of abating and spot prices falling to a two-year low, concerns are growing that ...
Sunday, 18 November 12
INDONESIAN SUB BITUMINOUS COAL SWAPS FOR JANUARY 2013 DELIVERY GAINS 1.29 PERCENT WOW
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for January 2013 delivery gains 1.29 percent WoW and 0.25 percent DoD on Friday, 16 Novembe ...
Saturday, 17 November 12
THE SUPRAMAX FREIGHT RATES FROM INDONESIA TO INDIA ARE EXPECTED TO BE UP NEXT WEEK - VISTAAR
COALspot.com - This week market sentiments ended positive with all the segments ending higher except for handy size which was almost at same levels ...
Saturday, 17 November 12
RECORD DEMOLITION ACTIVITY SEEKS TO CURB TONNAGE OVERSUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
This year will prove to be another record-breaker in terms of scrapping of older vessels across all shipping segments, as the equally feverish pace ...
Friday, 16 November 12
SHIP OWNERS KEEP ON INVESTING IN SECOND HAND VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Priced attractively, modern and with prompt delivery dates, second hand vessels are proving to be rather popular among cash-rich ship owners these d ...
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- Electricity Authority, New Zealand
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- IEA Clean Coal Centre - UK
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- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
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- Africa Commodities Group - South Africa
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- Meenaskhi Energy Private Limited - India
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- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
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- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
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- Power Finance Corporation Ltd., India
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- Energy Development Corp, Philippines
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- Marubeni Corporation - India
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- Wilmar Investment Holdings
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- London Commodity Brokers - England
- Economic Council, Georgia
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- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
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- Bhushan Steel Limited - India
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- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
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- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
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- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Videocon Industries ltd - India
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- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
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- India Bulls Power Limited - India
- Bhatia International Limited - India
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- Kobexindo Tractors - Indoneisa
- The University of Queensland
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- Antam Resourcindo - Indonesia
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- Banpu Public Company Limited - Thailand
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- Timah Investasi Mineral - Indoneisa
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- Deloitte Consulting - India
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- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
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- Samtan Co., Ltd - South Korea
- White Energy Company Limited
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- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
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- Meralco Power Generation, Philippines
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- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
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- Independent Power Producers Association of India
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- Savvy Resources Ltd - HongKong
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- LBH Netherlands Bv - Netherlands
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- Medco Energi Mining Internasional
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- Chamber of Mines of South Africa
- McConnell Dowell - Australia
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