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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, 23 September 12
INDIA IMPORTED 11.40 PERCENT MORE INDONESIAN COAL IN AUGUST
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 26,451,565* tons of coal in August 2012, compared to 27.88* mill ...
Saturday, 22 September 12
SOFT BUNKER PRICES KEEP INDONESIA TO INDIA FREIGHTS STABLE - VISTAAR
COALspot.com - The freight market overall remained buoyant with all indices up except for Panamax index. The main effect seems to be increased shipm ...
Friday, 21 September 12
SHIP BREAKING ACTIVITY REACHES NEW RECORDS, AS ALREADY 2012 LEVELS HAVE SURPASSED THE WHOLE OF 2011 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The vast oversupply of vessels, most notably in the dry bulk shipping sector, has forced ship owners to intensify their efforts towards recycling th ...
Thursday, 20 September 12
SUPRAMAX : INDO-INDIA ROUNDS WERE AROUND USD 12K - FEARNLEYS
Handy
Not a bad week for Supramax tonnage, if we compare Supramax developments to the bigger size tonnage. The rates have basically remained unchan ...
Thursday, 20 September 12
DRY BULK INCHES FORWARD AFTER WEEKS OF BELOW PAR PERFORMANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has started to revive from its ashed, as the past couple of days, traders have reported an increased activity from China, result ...
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- VISA Power Limited - India
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- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
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- Anglo American - United Kingdom
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- Aboitiz Power Corporation - Philippines
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
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- Global Business Power Corporation, Philippines
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- Essar Steel Hazira Ltd - India
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- Ministry of Mines - Canada
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- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
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- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
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- Georgia Ports Authority, United States
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- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
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- Xindia Steels Limited - India
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- Eastern Coal Council - USA
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- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Eastern Energy - Thailand
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- Merrill Lynch Commodities Europe
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- Central Electricity Authority - India
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- Electricity Generating Authority of Thailand
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- Baramulti Group, Indonesia
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- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
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- Economic Council, Georgia
- Singapore Mercantile Exchange
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- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
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- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
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- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
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- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
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- White Energy Company Limited
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- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
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- Sical Logistics Limited - India
- The University of Queensland
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
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- Chamber of Mines of South Africa
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- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
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- Bhoruka Overseas - Indonesia
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