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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, 26 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The Baltic Dry Index follows its upward incline for fourth consecutive week by rising to more than 900 points, up by 37% from the bottom low in the ...
Monday, 26 March 12
GOLDEN MINES FY11 REVENUE JUMPS 209% - INSIDER STORIES
Insider Stories reported that, coal miner PT Golden Energy Mines Tbk (GEMS), that is controlled by Sinar Mas Group, recorded a 209% jump in revenue ...
Saturday, 24 March 12
AUSTRALIA'S MINERAL TAX : BENCHMARK FOR OTHER COUNTRIES - SUNIL K KUMBHAT
COALspot.com - Natural resources rich counties like Australia , Indonesia , South Africa , Brazil etc are going through a spectacular resources boom ...
Saturday, 24 March 12
THE AVERAGE CHARTER RATES WAS AT CAPESIZE $ 4,546 PER DAY VS SUPRAMAX / $ 10,819 PER DAY - VISTAAR
COALspot.com - The BDI crossed 900 points this week closing at 908 points up by 3.89 pct. All other sectors were up except for cape index whic ...
Thursday, 22 March 12
ECI-CHINA HANDY RATES ARE AROUND US$ 8000 - FEARNLEYS
Handy
Another positive trend was seen last week with more cargoes entering the market. Skaw-Passero/US Gulf climbed slowly up to USD 3700, while US ...
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- Rashtriya Ispat Nigam Limited - India
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- Parliament of New Zealand
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- Global Coal Blending Company Limited - Australia
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- Indian Oil Corporation Limited
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- Tamil Nadu electricity Board
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- Ministry of Transport, Egypt
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- Straits Asia Resources Limited - Singapore
- Planning Commission, India
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- Carbofer General Trading SA - India
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- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
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- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
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- Videocon Industries ltd - India
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- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Australian Coal Association
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- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
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- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
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- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- The University of Queensland
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
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- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
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- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
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- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
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- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
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- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
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- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
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- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
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