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Tuesday, 17 September 13
ORPHEUS SECURES SIGNIFICANT INFRASTRUCTURE DEAL THROUGH ACQUISITION OF SOUTH KALIMANTAN PORT CAPACITY
 COALspot.com : Orpheus Energy Limited (ASX: OEG) of Australia has today announced that, it has executed a binding agreement with the proprietor of SKJM Port in South Kalimantan, Indonesia to secure exclusive barge loading capacity in excess of 200,000 tonnes per month for a term of 10 years.
According to company's press release, the company has secured exclusive 10 year agreement with SKJM Port operators in South Kalimantan. Initially Orpheus to be responsible for allocation of loading slots for 5 years. The agreement is allowing Orpheus to extend for another 5 years.
Initially around 150,000 tonnes tons of coal to be handled per month through the port and it will increase to around 200,000 tonnes/month (up to 3Mtpa) after port upgrade. First barge to be loaded immediately, according to the company’s note.
Orpheus Executive Chairman, Wayne Mitchell, commented: “We are delighted to announce this highly material infrastructure development which will provide robust cash flows for Orpheus. We have been working on this deal for a significant period of time and the execution of the SKJM Port agreement fundamentally changes our company from a modest producer and seller of coal, to a vertically integrated mining company of significant size.
“Orpheus has continued to progress its strategic objective to manage its entire coal chain from mine mouth to end buyer, and encouragingly, the company now has the capacity to do that. Given challenging market conditions, Orpheus has adapted extremely well to diversify its revenue streams and this agreement, along with our existing mining and trading operations, is another important step in the company working towards its goal of becoming cash flow positive.”
“We are particularly pleased we were able to negotiate a very favourable arrangement with one of our customers to fund the acquisition and development cost and the structure of this deal means we can avoid the dilution of existing shareholders”, he concluded.
Highlights include:
-- Exclusive 10 year agreement with SKJM Port operators in South Kalimantan, initially for 5 years, with an extension for another 5 years at Orpheus’s option
-- Initially 150,000 tonnes/month increasing to 200,000+ tonnes/month (up to 3Mtpa) after port upgrade: First barge to be loaded immediately
-- Orpheus to be responsible for allocation of loading slots
-- First infrastructure deal demonstrating stated vertical integration strategy
-- Strategic infrastructure platform to increase revenues
-- Acquisition and development costs to be funded off balance sheet by local infrastructure investor with principal to be repaid by SKJM Port
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Friday, 18 October 13
WOOD MACKENZIE FORECASTS CHINA WILL OUTWEIGH THE REST OF THE WORLD FOR BASE METALS DEMAND BY 2017
China set to account for 52% of 117mt base metals market by 2017
China is on track to exceed rest of the World demand by 2017, becoming the singl ...
Friday, 18 October 13
DRY BULK MARKET ON "PAUSE" MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been on "pause" mode over the past week, after China's return from the week long holidays. The industry's benchm ...
Friday, 18 October 13
US PRODUCED 6.7% MORE COAL W-W
COALspot.com – United States the world’s second largest coal producer produced approximately 18.9 million short tons (mmst) of coal in a ...
Thursday, 17 October 13
CAPESIZE: RATES ARE AGAIN MOVING UPWARDS - FEARNRESEARCH
Handy
Activities were obviously slowed down in the Pacific basin. There were only few coal movements which fixed around USD 15-16k for ships in Sin ...
Thursday, 17 October 13
SGX TO LAUNCH "SGX THERMAL COAL FUTURES" NEXT MONDAY
COALspot.com: SGX is to launch two thermal coal futures contracts, SGX API 8 CFR China Coal Index Futures and SGX IHS McCloskey Indonesian Sub-bit F ...
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- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Australian Coal Association
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
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