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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, 10 September 12
DRY BULK MARKET SLOWLY BUT SURELY REACHING CRITICAL STATUS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The radical consequences of the shifts in dry bulk demand and prices, especially for the most sought after commodity, concerning the industry, i.e. ...
Monday, 10 September 12
ORPHEUS ENERGY SECURES INDONESIAN COAL TRADING LICENSE
COALspot.com - Indonesian coal producer, Orpheus Energy (ASX:OEG) has announced today that the Indonesian Ministry of Energy and Mineral Resources h ...
Monday, 10 September 12
A SNAPSHOT ON THE ECONOMIC AND SHIPPING ENVIRONMENT - GOLDEN DESTINY / HELLENIC SHIPPING
The European Central Bank left its interest rate unchanged at 0.75% focusing on pushing down borrowing costs in troubled economies, Spain and Italy. ...
Sunday, 09 September 12
H213 SUB-BIT FOB INDONESIA COAL SWAPS ARE TRADING HIGHER
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost 0.14 percent W-O-W on 7 September 2012, Friday closing but gained ...
Saturday, 08 September 12
INDO INDIA ROUTE FREIGHT FOR SUPRAMAX REMAINS STRONG - CAPT. REDDY
COALspot.com - The freight market overall remained weak and except for cape index all other sectors were down. The biggest drop was in the Panamax s ...
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- Sinarmas Energy and Mining - Indonesia
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- Interocean Group of Companies - India
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- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
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- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
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- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
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- White Energy Company Limited
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- Ceylon Electricity Board - Sri Lanka
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- Siam City Cement PLC, Thailand
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- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
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- Eastern Energy - Thailand
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- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
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- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
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- MS Steel International - UAE
- Goldman Sachs - Singapore
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- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
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- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Indian Oil Corporation Limited
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- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
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- Maheswari Brothers Coal Limited - India
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- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
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- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
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- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
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- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
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- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
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- Semirara Mining Corp, Philippines
- Minerals Council of Australia
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- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
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