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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, 30 December 10
DRY BULK MARKET STAYS SUBDUED AT THE END OF 2010 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011. On one hand ...
Thursday, 30 December 10
KANGAROO RESOURCES BUYS INDONESIAN COAL COMPANY
Australian-listed Kangaroo Resources Ltd. said Wednesday it will buy 99% of the Pakar thermal coal project in East Kalimantan, for A$277 million thr ...
Wednesday, 29 December 10
WEATHER IMPACTS RIO TINTO COAL AUSTRALIAS QUEENSLAND OPERATIONS
Press Release - As a result of severe monsoonal rain in central and northern Queensland, force majeure has been declared on coal sales contracts fro ...
Monday, 27 December 10
ANALYSIS: CHINA'S COAL PRODUCTION MISMATCHED WITH DOMESTIC DEMAND
As reported by iStock Analyst, China's coal market has been trapped in a strange cycle. Large coal production bases are facing overcapacity, while ...
Monday, 27 December 10
HUNT FOR OVERSEAS COAL ASSETS TO INTENSIFY - FINANCIAL EXPRESS
Financial Express reported that, With the Indian economy back on the track after the slowdown, merger and acquisition (M&A) activities in the re ...
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- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
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- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
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- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
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- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
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