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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, 25 June 12
RIO TINTO MAKES FIRST COAL SHIPMENT FROM MOZAMBIQUE
Rio Tinto has started exporting premium hard coking coal from its Benga Mine in the Moatize Basin in Mozambique. The first shipment of 34,000 tonnes ...
Sunday, 24 June 12
SUPRAMAX FREIGHT MARKET FIRMED UP FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - This week all the segments gained and marked was firm in the Supramax and Handy size sector, where as the Cape and Panamax inde ...
Saturday, 23 June 12
COAL PRICES APPETITE FOR ROLLER-COASTER RIDES
COALspot.com - SGX AsiaClear OTC Coal Swaps have suffered something of a roller-coaster ride in terms of prices during this week. SGX’s Indone ...
Friday, 22 June 12
PRESENT SPOT WEAKNESS IS TEMPORARY, SEASONAL AND RISE AS WINTER APPROACHES - BUMI
COALspot.com - PT Bumi Resources Tbk, the world’s one of the largest coal producer and Indonesia’s largest multi grade coal miner has no ...
Friday, 22 June 12
GLOBAL ACTION NEEDED ON ENERGY POVERTY - WORLD COAL
Eradicating energy poverty is possibly the biggest challenge facing the world today. Like climate change it can only be addressed with a concerted g ...
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- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Australian Coal Association
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
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