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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, 16 September 12
THE FREIGHT RATES FROM INDONESIA TO INDIA EXPECTED TO BE STEADY - VISTAAR
COALspot.com - The freight market was mixed with most indices closing positive except for the Panamax index.
The main sentiment seems to be ...
Saturday, 15 September 12
FINANCE MINISTRY OPPOSES TAX INCENTIVE PLAN FOR COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry has turned down the idea of providing a fiscal incentive to the country’s coal mining ind ...
Friday, 14 September 12
DRY BULK MARKET LOOKS TOWARDS CHINA FOR SOME POSITIVE NEWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market freight rates submerged underwater for a large part of the year, dry bulk owners are looking for some positive enhancement ...
Friday, 14 September 12
GOVT OFFERS CONDITIONAL TAX HOLIDAY TO AILING COAL MINERS - JP
The Jakarta Post, one of the leading English news paper in Indonesia reported that, acknowledging difficulties encountered by coal miners due to a p ...
Thursday, 13 September 12
PANAMAX: THE NEGATIVE TREND, POOR SENTIMENT CONTINUES - FEARNLEYS AS
Handy
Lack of cargoes and a growing list of available ships is causing rates to slip for all Atlantic trades.
The only trade keeping somewhat s ...
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- CNBM International Corporation - China
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Parliament of New Zealand
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
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