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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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Sunday, 23 October 11
CHINA LOOKING TO RESELL INDONESIAN COAL CARGOES - BARCLAYS
Commodity Online reported that, Anecdotal evidence has suggested that China is even looking to resell Indonesian cargoes back into the seaborne coal ...
Saturday, 22 October 11
THE SHORT-PERIOD RATES FOR PANAMAX REMAINED FIRM - CAPT. REDDY
COALspot.com - "The market seemed to slow down a bit this week, and all sectors were down by about One to five percent", said Capt. Reddy, ...
Saturday, 22 October 11
WILL THE PROPOSED 26 PERCENT PROFIT SHARING CLAUSE IN THE MINING BILL SPEED UP THE PRODUCTION OR SCARE AWAY INVESTORS? - DIPESH DIPU
A draft law has been approved by a ministerial panel headed by Finance Minister Pranab Mukherjee of India which, if passed by the Cabinet, will make ...
Saturday, 22 October 11
INDONESIA'S GOLDEN ENERGY SLASHES ITS IPO PRICE - THE JAKARTA GLOBE
The Jakarta Globe reported that, Golden Energy Mines, a coal mining company affiliated with Sinar Mas Group, lowered its target in an initial public ...
Thursday, 20 October 11
CAPESIZE - TUBARAO /QINGDAO BEING FIXED AT STRONG US$ 29.75 PMT
Handy
The Atlantic market is quite steady, and market seems to be around the same levels as last week. Fewer fixtures reported though. ...
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- Ministry of Transport, Egypt
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- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
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- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- The University of Queensland
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- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
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- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
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- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Minerals Council of Australia
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- GAC Shipping (India) Pvt Ltd
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- Wood Mackenzie - Singapore
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- Energy Development Corp, Philippines
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- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
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- Vedanta Resources Plc - India
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- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
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- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
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- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
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- Siam City Cement - Thailand
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- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Parliament of New Zealand
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- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
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- Petron Corporation, Philippines
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- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
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- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
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- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
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- Global Business Power Corporation, Philippines
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- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Directorate General of MIneral and Coal - Indonesia
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- PowerSource Philippines DevCo
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