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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, 31 January 12
THERE ARE MANY GOOD REASONS FOR COAL IN GERMANY - DR CIESLIK
COALspot.com - "The year 2011 was again marked by many changes on the markets and energy policies, at times in line with expectations, but at o ...
Tuesday, 31 January 12
DRY BULK MARKET KEEPS FALLING FOR WORST MONTH IN YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market didn't manage to put a halt in its downfall, with the industry's benchmark, the BDI (Baltic Dry Index), posting yet another fa ...
Monday, 30 January 12
CHINA'S HUNGER FOR COAL LEAVES DENT IN PENNSYLVANIA'S SUPPLY - THOMAS LESKIN
With the price of heating oil on the rise, one of Pennsylvania's greatest natural resources - coal - is in high demand, and not just locally.
Et ...
Saturday, 28 January 12
WILL FREIGHT MARKET STABILIZE FROM NEXT WEEK?
COALspot.com - The markets continued to soften with BDI at 663 points down by 15.78 pct closing at 726 points and cape index was down by 5.73 pct cl ...
Friday, 27 January 12
DEMOLITION ACTIVITY NEEDS TO INCREASE SIGNIFICANTLY THIS YEAR AS WELL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of vessels in most shipping sectors is so intense that it’s become clear to ship owners that unless they scrap as many of their ...
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- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Xindia Steels Limited - India
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