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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, 07 May 11
SUPRAMAXES ARE AT AROUND $ 13,500-14,000 PER DAY FOR SINGLE TRIPS
COALspot.com - The freight remained fairly steady this week with the BDI up by 71 points and closing at 1,340 points, said Capt. Reddy, the director ...
Saturday, 07 May 11
COAL PRODUCTION MAY REACH 95M TONS IN SECOND QUARTER - THE JAKARTA POST
The Jakarta Post reported that, Indonesian miners are projected to produce around 95 million tons of coal in the second quarter of this year after l ...
Friday, 06 May 11
BUKIT ASAM TO CLOSE COAL TAKEOVER IN Q2 - INSIDER STORIES
The state-controlled PT Tambang Bukit Asam Tbk (PTBA) expects to complete acquisition of two coal mining companies from four companies which is now ...
Thursday, 05 May 11
SUPRAS IN NORTH CHINA ARE GETTING CLOSE TO $ 13K FOR INDO-INDIA
Handy
The Atlantic market is stable/flat with positive undertone meaning more enquiries hitting the market today. Lack of prompt vessels. Trips to ...
Thursday, 05 May 11
PANAMAXES LEAD DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s benchmark, the Baltic Dry Index (BDI) managed to edge higher yesterday, rising by 1.81% to 1,292 points, in the first po ...
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- Tata Chemicals Ltd - India
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- Semirara Mining Corp, Philippines
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- Thiess Contractors Indonesia
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- Bangladesh Power Developement Board
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- New Zealand Coal & Carbon
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- Sical Logistics Limited - India
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- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
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- Chamber of Mines of South Africa
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- Ministry of Transport, Egypt
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- Bharathi Cement Corporation - India
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- Trasteel International SA, Italy
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- Intertek Mineral Services - Indonesia
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- Economic Council, Georgia
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- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
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- The Treasury - Australian Government
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- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
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- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
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- Madhucon Powers Ltd - India
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- Coal and Oil Company - UAE
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- MS Steel International - UAE
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- Energy Development Corp, Philippines
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- Petrochimia International Co. Ltd.- Taiwan
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- The State Trading Corporation of India Ltd
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- London Commodity Brokers - England
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- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
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- Mercuria Energy - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
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- Indian Energy Exchange, India
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- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
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- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Aditya Birla Group - India
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- GAC Shipping (India) Pvt Ltd
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- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
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- IEA Clean Coal Centre - UK
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- Global Business Power Corporation, Philippines
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- Australian Coal Association
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
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