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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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Friday, 01 April 11
DRY BULK MARKET WEAKENS ON SLOWER DEMAND, HOPES FOR MID-TERM REBOUND ON JAPANS RECONSTRUCTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected in the Baltic Dry Index (BDI) retreated for a third day yesterday, after staying flat on Monday, to end at 1,530 p ...
Wednesday, 30 March 11
CHALLENGER SIGNS OPTION AGREEMENTS TO PURCHASE FOUR COAL PROJECTS IN INDONESIA
Challenger Signs Three Exclusive Option Agreements to Purchase Four Coal Projects in East Kalimantan, Indonesia
Challenger Deep Resources Corp.ha ...
Wednesday, 30 March 11
KPCL TO IMPORT ONE MILLION TONS OF 6300 GAD COAL
COALspot.com - Karnataka Power Corporation a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 Kcal/kg ...
Wednesday, 30 March 11
WIKA GRABS PROJECT FROM ADARO INDONESIA - INSIDER STORIES
One of Indonesia's largest thermal coal PT Adaro Indonesia has finally mandated PT Wijaya Karya Tbk (WIKA) as a contractor to install and manage ov ...
Tuesday, 29 March 11
JAPAN FACTOR RIPPLING THROUGH THE SHIPPING MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the world watching the latest developments regarding the nuclear crisis in Japan and the devastating effects of the recent tragedy that struck ...
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- PowerSource Philippines DevCo
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- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
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- ASAPP Information Group - India
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- Indogreen Group - Indonesia
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- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
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- Electricity Authority, New Zealand
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
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- Cement Manufacturers Association - India
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- Billiton Holdings Pty Ltd - Australia
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- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
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- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
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- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
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- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
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- Bhushan Steel Limited - India
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- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
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- Marubeni Corporation - India
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- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
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- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- White Energy Company Limited
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
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- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
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- Sakthi Sugars Limited - India
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- Gujarat Mineral Development Corp Ltd - India
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- Port Waratah Coal Services - Australia
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