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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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Monday, 27 December 10
RIO TINTO EYES AUSTRALIAN COAL MINER - RTE NEWS
Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale.
RTE News reported that, Global resources giant ...
Sunday, 26 December 10
ANGLO SELLS AUSTRALIAN COAL ASSETS - BARCELONA NEWS
Barcelona News reported that, Anglo American has sold off undeveloped Australia coal assets for $577 million.
The global resources giant ha ...
Saturday, 25 December 10
FREIGHT MARKET - LOWEST FIXTURES REPORTED SINCE MID 2009 - CAPT. REDDY
COALspot.com - We wish you a Merry Christmas and a Happy New Year 2011.
The holiday season seems to have severely affected the fr ...
Friday, 24 December 10
CIL SHORTLISTS 21 FIRMS TO IMPORT 250 MT COAL - THE HINDU
The Hindu reported that, Coal India plans to import about 250 million tonnes (mt) over the next 10 years to meet the country's growing requirement. ...
Friday, 24 December 10
DRY BULK OWNERS COULD SOON RECONSIDER SCRAPPING OLDER VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market close to its lowest levels in months and indeed close to 2010 lows, ship owners could be heading towards scrapyards in a bi ...
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- Petron Corporation, Philippines
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- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Sojitz Corporation - Japan
- Posco Energy - South Korea
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- Latin American Coal - Colombia
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- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
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- White Energy Company Limited
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- Minerals Council of Australia
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- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
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- Wood Mackenzie - Singapore
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- VISA Power Limited - India
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- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
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- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
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- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
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- Marubeni Corporation - India
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
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