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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, 04 October 10
2 BLN TONS OF COAL RESERVES DISCOVERED IN SOUTHERN PAKISTAN - XINHUA / HELLENIC SHIPPING
Xinhua and Hellenic Shipping reporte dhtat, the discovery of at least two billion tons of usable coal reserves has been confirmed in one of the ...
Sunday, 03 October 10
THE BDI WAS JUST INCREASED BY 8 POINTS AND CLOSED AT 2452 POINTS LAST FRIDAY - VISTAAR
COALspot.com: The BDI was almost at same levels and just increased by 8 points and closed at 2452 points , however the cape index was up by al ...
Sunday, 03 October 10
NALCO TO FINALIZE INDONESIA COAL DEAL BY JANUARY - HINDUSTAN TIMES
HindustanTimes reported that, state-owned National Aluminium Company (NALCO) will finalise a deal with a coal source in Indonesia for its $4 billion ...
Sunday, 03 October 10
INDONESIA WILL BECOME A NET IMPORTER OF ENERGY IN 2030 - BPPT
Jakarta Updates reported that,Indonesian Agency for the Assessment and Application of Technology (BPPT) predicted that the energy situation in Indon ...
Saturday, 02 October 10
FOUR INDONESIAN COAL FIRMS KEEN TO TIE UP WITH NALCO - SIFY
Sify reported that, Four Indonesian coal companies have shown interest to tie up with public sector National Aluminium Company (Nalco) for its 4 bil ...
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- Karaikal Port Pvt Ltd - India
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- Attock Cement Pakistan Limited
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- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
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- Sree Jayajothi Cements Limited - India
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- The State Trading Corporation of India Ltd
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- Directorate General of MIneral and Coal - Indonesia
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- Chamber of Mines of South Africa
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- Eastern Coal Council - USA
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- SMG Consultants - Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
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- Indo Tambangraya Megah - Indonesia
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- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
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- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
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- CNBM International Corporation - China
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- Posco Energy - South Korea
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
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- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
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- Deloitte Consulting - India
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
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- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Cement Manufacturers Association - India
- White Energy Company Limited
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- Meenaskhi Energy Private Limited - India
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- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
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- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
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- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
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- Minerals Council of Australia
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- Global Coal Blending Company Limited - Australia
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- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
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- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
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- Dalmia Cement Bharat India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- The Treasury - Australian Government
- Heidelberg Cement - Germany
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- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
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- San Jose City I Power Corp, Philippines
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- Mintek Dendrill Indonesia
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- Madhucon Powers Ltd - India
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- Oldendorff Carriers - Singapore
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- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
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- ICICI Bank Limited - India
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