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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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Tuesday, 03 July 12
DRY BULK MARKET INCHED FORWARD AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched forward at the beginning of the new week, prior to the US holidays regarding the celebration of the 4th of July, which is ...
Monday, 02 July 12
ORPHEUS STRENGTHENS REVENUE STREAM WITH NEW ROYALTY AGREEMENT AT THE B2 COAL PROJECT
Orpheus Energy (ASX:OEG) is pleased to advise that it has executed a life of mine Royalty Agreement with Indonesian mining contractor PT Debbia Mini ...
Monday, 02 July 12
DRY BULK DEMAND TO RISE TO 3.6 BILLION TONNES IN 2012, BUT NEW BUILDING DELIVERIES ARE
In its latest analysis on the dry bulk market fundamentals, DVB Bank said that dry bulk cargo demand is forecast to rise to approximately 3.6 billio ...
Sunday, 01 July 12
AUSTRALIAS CARBON TAX - SUNIL K KUMBHAT
COALspot.com - Climate Change
Climate change and global warming have now become buzzwords the world over. The disastrous consequences for global ...
Sunday, 01 July 12
DSP OF SGX ASIACLEAR OTC COAL SWAP'S THIS WEEKS MOVEMENTS SLIGHTLY POSITIVE
COALspot.com - SGX AsiaClear OTC Coal Swaps have recovered slightly this week and Q4 deliveries are also showing positive direction.
SGX’s ...
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- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
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- Indogreen Group - Indonesia
- White Energy Company Limited
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- Samtan Co., Ltd - South Korea
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- AsiaOL BioFuels Corp., Philippines
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- Ministry of Mines - Canada
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- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
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- Madhucon Powers Ltd - India
- Minerals Council of Australia
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- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
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- Gujarat Mineral Development Corp Ltd - India
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- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
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- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Economic Council, Georgia
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- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
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- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
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- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
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- Ministry of Finance - Indonesia
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- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
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- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
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- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
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- Bayan Resources Tbk. - Indonesia
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- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
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- Australian Coal Association
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- PTC India Limited - India
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- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
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- The Treasury - Australian Government
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- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
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