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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 December 10
LANCO BAGS AUSTRALIAN COAL MINER GRIFFITH - DNA
As part of its strategy to secure coal supplies for meeting its needs in expanding power generation capacities, infrastructure major Lanco Infratech ...
Thursday, 16 December 10
COAL INDIA IN TALKS WITH INDONESIAN CO TO BUY ITS COAL MINES - APN NEWS
APN News reported that, World’s largest coal producer Coal India is in talks with Indonesia’s Sinar Mas Group for acquiring coal mines i ...
Wednesday, 15 December 10
GOVT SETS NEW MINIMUM LEVEL FOR DOMESTIC MARKET SALES - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal producers are required to sell at least 24.17 percent of their production to the domestic market nex ...
Wednesday, 15 December 10
CAPESIZE RATES ARE NOW AT THEIR LOWEST LEVEL SINCE AUGUST
It was a repeat performance for the market this week, with another increase in earnings for the small sizes but a sharp drop for the Capes. Overall ...
Wednesday, 15 December 10
LARGE ORDERBOOK TO HINDER 2011 DRY BULK MARKET REBOUND DESPITE INCREASED DEMAND SAYS PARAGON SHIPPING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A large orderbook which currently stands at 53% of the existing fleet is expected to render 2011 another challenging year for the dry bulk marke ...
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- Goldman Sachs - Singapore
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- Formosa Plastics Group - Taiwan
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- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
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- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
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- GMR Energy Limited - India
- Bangladesh Power Developement Board
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
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- Baramulti Group, Indonesia
- White Energy Company Limited
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
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- The University of Queensland
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- Georgia Ports Authority, United States
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- Global Coal Blending Company Limited - Australia
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- Thai Mozambique Logistica
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- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
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- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Minerals Council of Australia
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- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
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- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
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- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
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- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
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- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
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- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
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- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Planning Commission, India
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
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- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
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- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
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- Romanian Commodities Exchange
- Aditya Birla Group - India
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