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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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Tuesday, 26 October 10
DRY BULK MARKET TO KEEP RISING THIS WEEK ON STRONG CHINESE IRON ORE AND THERMAL COAL DEMAND - HELLENIC SHIPPING
Overcapacitated or not, the dry bulk market keeps its positive momentum as we move forward this week, with the Baltic Dry Index (BDI) rising by 0.77 ...
Monday, 25 October 10
TWO CHINESE COMPANIES INK DEAL TO TAP AUSSIE COAL RESERVES
China Daily reportd that, two Chinese coal firms have teamed up to explore and develop coal resources in an area in Australia that has forecast rese ...
Monday, 25 October 10
DRY BULK MARKET STILL HEAVILY DEPENDENT ON CHINA, POSTS SMALL WEEKLY LOSS OF 1.27% - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With every twitch and turn from China’s metals industry, the dry bulk market is disproportionally affected, as evidenced by the course of the ...
Sunday, 24 October 10
SUPRAMAX VESSELS BEING FIXED AROUND $ 15 K PER DAY DELIVERY N. CHINA FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SHIPPING
COALspot.com: The freight market this week remained almost at same levels with not much change. However the Far East/SE Asia market was quite soft w ...
Saturday, 23 October 10
HEAVY RAINS NO DAMPENER FOR 2010 COAL OUTPUT TARGET, MINISTRY SAYS - THE JAKARTA GLOBE
The Jakarta Globe reported that, National coal production would likely meet the target set by the Energy Ministry despite unusually heavy rain this ...
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- Orica Mining Services - Indonesia
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- MS Steel International - UAE
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- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
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- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
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- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
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- Vijayanagar Sugar Pvt Ltd - India
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- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
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- Bukit Baiduri Energy - Indonesia
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- Iligan Light & Power Inc, Philippines
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- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
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- Lanco Infratech Ltd - India
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- Formosa Plastics Group - Taiwan
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- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
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- GN Power Mariveles Coal Plant, Philippines
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- Wood Mackenzie - Singapore
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- Planning Commission, India
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- Siam City Cement - Thailand
- Central Electricity Authority - India
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
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- Parliament of New Zealand
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- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
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- Coal and Oil Company - UAE
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