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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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Saturday, 15 October 11
BENGAL COAL IMPORT TEST - THE TELEGRAPH
The Telegraph reported that, the power position in Bengal improved today but alarm bells are ringing over imported coal stocks that are running out ...
Friday, 14 October 11
CAPE DERIVATIVES MARKET HAS NOT REFLECTED OWNERS EXPECTATIONS' - FEARNBULK
Handy
The Atlantic market continued its upward trend, with fresh cargo entering the market. Skaw Passero to US Gulf climbed US$ 1500 from la ...
Friday, 14 October 11
ADARO BUYS SERVO MEDA FOR RP200 BIO - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk (ADRO) announced that its subsidiary PT Alam Tri Abadi (ATI), acquired 35% stake in PT Serv ...
Thursday, 13 October 11
DRY BULK MARKETS RALLY CONTINUES, BUT ANALYSTS WARN IT WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market continued its push forward yesterday, for yet another session, as the BDI (Baltic Dry Index), the industry’s benchmark edg ...
Wednesday, 12 October 11
INDONESIAS COAL RUSH - JOSEPH KIRSCHKE
COALspot.com - Last winter, the Chinese government mobilized thousands of soldiers and reservists of the People’s Liberation Army to the port ...
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- Sakthi Sugars Limited - India
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- Mercuria Energy - Indonesia
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- Australian Coal Association
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- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
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- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
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- Georgia Ports Authority, United States
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- Sindya Power Generating Company Private Ltd
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- Thiess Contractors Indonesia
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- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
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- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
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- Goldman Sachs - Singapore
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- Orica Australia Pty. Ltd.
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- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
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- SMG Consultants - Indonesia
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- LBH Netherlands Bv - Netherlands
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- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
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- Indian Oil Corporation Limited
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- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
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- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Minerals Council of Australia
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- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
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- Latin American Coal - Colombia
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- Coal and Oil Company - UAE
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- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
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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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- Orica Mining Services - Indonesia
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- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
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- Krishnapatnam Port Company Ltd. - India
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- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
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- Kapuas Tunggal Persada - Indonesia
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- Electricity Authority, New Zealand
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