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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, 09 December 10
DRY BULK MARKET LOOKING FOR DIRECTION THIS WEEK, AS CAPESIZE SHIPS END THEIR MISFORTUNES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk has began the week on a positive note capitalizing on the positive sentiment which finally prevailed during the last days of the previo ...
Monday, 06 December 10
NTPC MAY OPT FOR INDONESIA OVER AFRICA, OZ FOR COAL MINES
Country's largest power producer NTPC, which is scouting for coal properties abroad to fuel its power plants back home, may zero in on Indonesia fo ...
Saturday, 04 December 10
INDONESIA TO INDIA AND CHINA SEA FREIGHT UP BY ABOUT US$ 2.50 PMT - CAPT. REDDY
COALspot.com - The freight market even though remained weak, but towards end of the week the market seemed to firm up.
The BDI was almost at sam ...
Saturday, 04 December 10
OFF WEST COAST OF INDIA TONNAGE IS SEEMINGLY QUITE SPARSE - FEARNBULK
Handy
The Atlantic markets are weak and remained unusually calm after the Thanksgiving ...
Friday, 03 December 10
INDONESIAN LOW RANK COAL IS ATTRACTING COAL BUYERS FROM INDIA AND CHINA
COALspot.com - Bhakti Energi Persada has sold out its whole coal production until the end of 2011, Jeffry Mulyono said during McCloskey Asia P ...
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- Cement Manufacturers Association - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- PTC India Limited - India
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- White Energy Company Limited
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- The University of Queensland
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
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