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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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Wednesday, 19 September 12
CHURCHILL STRENGTHENS LITIGATION TEAM WITH APPOINTMENT OF NICHOLAS SMITH AS MANAGING DIRECTOR
COALspot.com - Churchill Mining PLC (AIM: CHL) has announced that, Mr Nicholas Smith has joined the board of the Company and has been appointed as t ...
Wednesday, 19 September 12
DRY BULK TERMINALS SINGAPORE
Press Release - Dry bulk terminals are used all around the world to handle large quantities of bulk materials, like minerals, grains, etc. In today& ...
Tuesday, 18 September 12
JORC CODE REVISION - EXPOSURE DRAFT RELEASED FOR COMMENT
COALspot.com - The Australasian Joint Ore Reserves Committee (JORC) has today released for public comment the exposure draft of the JORC Code (2012) ...
Monday, 17 September 12
YEAR TO DATE, BUMA PRODUCED 231.1 MILLION BCM OF OVERBURDEN
COALspot.com - PT. Delta Dunia Makmur Tbk has removed 31.5 million bcm (+6.0 percent YoY) overburden in August 2012 totaled 31.5 million bcm ( ...
Sunday, 16 September 12
GLOBAL LOW DEMAND ; INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS DIP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 1.345 percent W-O-W on Friday, 14 September 2012, closing but gai ...
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- Aboitiz Power Corporation - Philippines
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- Wilmar Investment Holdings
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- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
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- Ind-Barath Power Infra Limited - India
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- Barasentosa Lestari - Indonesia
- Australian Coal Association
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- Tata Chemicals Ltd - India
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- SMC Global Power, Philippines
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- TeaM Sual Corporation - Philippines
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- European Bulk Services B.V. - Netherlands
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- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
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- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
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- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
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- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
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- Electricity Authority, New Zealand
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- New Zealand Coal & Carbon
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- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
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- Ministry of Finance - Indonesia
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- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
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- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
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- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
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- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
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- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
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- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
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- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
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- Indian Oil Corporation Limited
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- Planning Commission, India
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- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
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