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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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- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
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- The State Trading Corporation of India Ltd
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- Meralco Power Generation, Philippines
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- Alfred C Toepfer International GmbH - Germany
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- The University of Queensland
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- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Videocon Industries ltd - India
- White Energy Company Limited
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- Attock Cement Pakistan Limited
- Parliament of New Zealand
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- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
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- Simpson Spence & Young - Indonesia
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- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
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- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
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- PetroVietnam Power Coal Import and Supply Company
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- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
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- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
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- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
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