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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, 20 September 11
MTD INAUGURATES ITS COAL TERMINAL IN JAVA ISLAND
Press Release – MTD Group of Malaysia, one of prominent key players in the development of infrastructure in Malaysia, today inaugurated their ...
Tuesday, 20 September 11
DRY BULK MARKET LOSING ITS EDGE, RETREATING AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a surge during the past couple of weeks, which saw Capesize earnings boosted and the BDI (Baltic Dry Index) reaching levels of year high and c ...
Monday, 19 September 11
CHINA IMPORTS MORE THAN 10 MMT INDO COAL IN AUGUST 2011
COALspot.com - Indonesian coal exports dropped 1.642 million tons in August compared to July exports. Indonesia exports 29.662 million tons of coal ...
Monday, 19 September 11
INDOMOBIL ENTERING INTO COAL MINING BUSINESS
COALspot.Com- PT Indomobil Sukses Internasional Tbk, part of, one of Indonesia's largest conglomerates, to enter into mining industry ac ...
Sunday, 18 September 11
THE COAL IMPORTS TO INDIA, OUT OF INDONESIA LIKELY TO PICK UP - CAPT. REDDY
COALspot.com - The freight market continued the upward trend until midweek almost touching 2,000 points, however towards second half of the week the ...
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- Wilmar Investment Holdings
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- Metalloyd Limited - United Kingdom
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- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
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- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
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- Petrochimia International Co. Ltd.- Taiwan
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- Indian Oil Corporation Limited
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- Petron Corporation, Philippines
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- Eastern Coal Council - USA
- Planning Commission, India
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- Sojitz Corporation - Japan
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- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
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- Chamber of Mines of South Africa
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- Bukit Asam (Persero) Tbk - Indonesia
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- Indonesian Coal Mining Association
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- Riau Bara Harum - Indonesia
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- Makarim & Taira - Indonesia
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- GVK Power & Infra Limited - India
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
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- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
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- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
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- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
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- Bharathi Cement Corporation - India
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- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
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- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
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- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
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- The University of Queensland
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
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- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
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