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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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Thursday, 16 June 11
FREIGHT MARKET FAILS TO RECOVER - DREWRY / HELLENIC SHIPPING
With demand failing to improve enough to contain the colossal increases in supply, the dry bulk freight market stayed near the dreadfully low levels ...
Thursday, 16 June 11
VALLAR CONTROLS 84.7 PERCENT STAKE IN BERAU COAL - INSIDER STORIES
Insider Stories reported that, London-based investment company Vallar Plc, via its subsidiary dubbed Vallar Investments UK Limited, today announced ...
Wednesday, 15 June 11
INDONESIA NEW COAL POLICY WORRIES INDIA POWER FIRMS - MYDIGITALFC
Tata Power, Adani group, Lanco Infratech and Reliance Power, among other Indian coal importers, are waiting to assess the impact of the Indonesian g ...
Wednesday, 15 June 11
BAYAN RESOURCES OWNS 56 PERCENT KANGAROO - INSIDER STORIES
Australia-listed coal miner Kangaroo Resources Limited (KRL) has obtained final approval from its shareholders to complete its US$277 million acquis ...
Wednesday, 15 June 11
DRY BULK MARKET WEAKENS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite this time of year traditionally being one of the busiest for the dry bulk market, it seems that in the post-crisis era trade patterns are co ...
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- Cement Manufacturers Association - India
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- Economic Council, Georgia
- Global Business Power Corporation, Philippines
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- Global Green Power PLC Corporation, Philippines
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- Ministry of Transport, Egypt
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- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
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- Coalindo Energy - Indonesia
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- Standard Chartered Bank - UAE
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- Jaiprakash Power Ventures ltd
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- Barasentosa Lestari - Indonesia
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- Renaissance Capital - South Africa
- The University of Queensland
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- Electricity Generating Authority of Thailand
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- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
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- The State Trading Corporation of India Ltd
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- Coal and Oil Company - UAE
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- Sarangani Energy Corporation, Philippines
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- Metalloyd Limited - United Kingdom
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- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
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- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
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- Electricity Authority, New Zealand
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- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
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- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
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- Therma Luzon, Inc, Philippines
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- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
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- Energy Link Ltd, New Zealand
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- Latin American Coal - Colombia
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- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
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- Indonesian Coal Mining Association
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- Sree Jayajothi Cements Limited - India
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- Antam Resourcindo - Indonesia
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- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Tamil Nadu electricity Board
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- CIMB Investment Bank - Malaysia
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