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Thursday, 26 April 12
ADK SHIPPED 28,000 TONNES OF COAL THIS MONTH
COALspot.com - Orpheus Energy (ASX:OEG) has announced that four coal barges carrying a total of approximately 28,000 tonnes of ADK (Alam Duta Kalimantan) thermal coal have successfully been shipped out of the SSDK port and sold to an Indonesian trading group.
According to press release of the company, the coal has a typical South Kalimantan product specification of 5500-5300 Kcal/Kg (ADB), and is low in ash and sulphur. Coal quality assays are expected in the next fortnight and once received, final pricing will be agreed.
The SSDK port, located approximately 15km from the ADK coal mine, and some 10km down the coast from the PCMU (“Citra”) port, provides additional available capacity for Orpheus Energy coal exports.
Executive Chairman Wayne Mitchell said: “We are delighted that the Joint Venture has been able to progress so quickly into coal exports since we first announced Orpheus had secured a 50% equity interest in the ADK coal (Alam Duta Kalimantan) project, in March 2012. The SSDK port provides Orpheus with valuable extra capacity to increase our export tonnage, which we intend to aggressively pursue over the coming months”.
Source: Six Degrees Investor Relations
About Orpheus Energy Limited
Orpheus Energy Limited (“OEG”) is a coal company focusing on coal production and exploration in Indonesia. OEG also owns some Australian coal and industrial minerals projects. Orpheus has signed a strategic alliance with PT Mega Coal International (‘Mega’) which is an existing coal producer and exporter. Orpheus is on a fast track to growth, through increasing production at the recently acquired ADK project, moving its B26/34 projects into production, definitive exploration programmes at the Papua project and acquiring near term production assets.
About PT Mega Coal
PT Mega Coal is a privately-held coal mining company with an extensive local network and mining experience in Indonesia. OEG has an existing strategic alliance with PT Mega Coal, notably including its joint ventures for ADK, B26/B34 and Papua. The strategic alliance with PT Mega Coal enables the opportunity for continued additional coal concessions in Indonesia.
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Friday, 04 May 12
DEMOLITION KEY FOR DRY BULK MARKET RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The overflow of newbuilding vessels which “spilled over” into 2012 from 2011 brought the dry bulk market to a near collapse level at the ...
Thursday, 03 May 12
DRY BULK MARKET REMAINS INACTIVE, POSTING MILD DECREASE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept retreating this week, although at a very low pace, on the back of a lull in demand. The industry's benchmark, th ...
Thursday, 03 May 12
MINERS DEMAND LEGAL CERTAINTY ON PRE-BAN INTERIM POLICY - THE JAKARTA POST
The Jakarta Post reported that, Mining companies represented by the Indonesian Mining Association (IMA) welcomed the government’s plan to impo ...
Thursday, 03 May 12
HANDY EAST COAST INDIA - CHINA AROUND USD 7000 - FEARNLEYS AS
Handy - Stable demand in the Atlantic offered good rates for the tonnage.
USG/Cont was worth USD 17500 and more. Baltic and Black Sea appeared to ...
Wednesday, 02 May 12
CHINA BLACKOUTS HIGHLIGHT PRICING POLICY WEAKNESS - FITCH
Fitch reported that, the likelihood of further electricity blackouts in China this summer underlines Fitch's view of the basic problem f ...
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- Pipit Mutiara Jaya. PT, Indonesia
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- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Romanian Commodities Exchange
- Marubeni Corporation - India
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
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