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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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Saturday, 30 June 12
THE FREIGHT RATES ARE EXPECTED TO BE STEADY TO FIRM NEXT WEEK - VISTAAR SINGAPORE
COALspot.com – The BDI was up by 2.66 pct (up by 26 points) closing at 1,004 points crossing the 1000 point barrier this week.
The c ...
Friday, 29 June 12
INDONESIAN PRODUCERS ARE PLANNING TO CUT PRODUCTION IF COAL PRICES FALL FURTHER
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 31.54* million tons of coal in May 2012, compared to 31.86* mill ...
Friday, 29 June 12
DRY BULK SHIP OWNERS DOING THEIR MATHS BEFORE PLACING NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With oversupply having plagued the dry bulk shipping fleet since the end of 2011, it’s become ever so evident that placing a newbuilding order ...
Thursday, 28 June 12
DRY BULK MARKET HIGHER ON CAPESIZE OPTIMISM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched a bit higher yesterday, as the BDI (Baltic Dry Index) ended up by 0.71% to 988 points. Most ship types were up, with the ...
Wednesday, 27 June 12
DIRECTORATE GENERAL OF MINERAL AND COAL OF INDONESIA INTRODUCES ON-LINE SYSTEM FOR MINING PRODUCTS EXPORT APPROVAL
COALspot.com - Directorate General of Mineral and Coal of Indonesia has released "Clear and Clean" certificate for another 33 coal miners ...
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- Sindya Power Generating Company Private Ltd
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- Indonesian Coal Mining Association
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- Toyota Tsusho Corporation, Japan
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- Baramulti Group, Indonesia
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- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
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- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
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- Sojitz Corporation - Japan
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- Merrill Lynch Commodities Europe
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- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
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- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- VISA Power Limited - India
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- Deloitte Consulting - India
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- Energy Link Ltd, New Zealand
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- Planning Commission, India
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- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- ASAPP Information Group - India
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- Electricity Authority, New Zealand
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- Ministry of Transport, Egypt
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- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
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- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
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- Minerals Council of Australia
- The State Trading Corporation of India Ltd
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- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
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- Global Business Power Corporation, Philippines
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- CNBM International Corporation - China
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- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
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- Indian Oil Corporation Limited
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- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
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- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
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- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
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- Chettinad Cement Corporation Ltd - India
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- GAC Shipping (India) Pvt Ltd
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- Thai Mozambique Logistica
- MS Steel International - UAE
- Australian Coal Association
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
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- SMC Global Power, Philippines
- New Zealand Coal & Carbon
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