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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, 20 July 10
DRY BULK SHIPPING MARKET FINDING SOME SUPPORT, AS OWNERS TAKE CAPE SIZES OFF THE MARKET
With the Baltic Dry Index finally having reached bottom, at least according to market analysts, the dry bulk industry is looking to begin its long r ...
Monday, 19 July 10
INDONESIA EXPORTS 24.49 MILLION TONNES OF COAL IN JUNE 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 141.249 million tons of coal in the first half of this year. In June 2010, Indone ...
Monday, 19 July 10
CHINA ONCE AGAIN DOMINATING SHIPPING FREIGHT RATES, WHILE OVERSUPPLY OF TONNAGE RAISES CONCERN
The ending of the week brought a cheerful note among dry bulk ship owners, as the sinking benchmark of the industry, the Baltic Dry Index (BDI) fina ...
Saturday, 17 July 10
THE DRY BULK MARKET CONTINUED THE DOWNWARD TREND - VISTAAR
COALspot.com: The indices continued the downward trend this week also with BDI at 1,720 points and cape size index at 1676 points and the charter ra ...
Saturday, 17 July 10
BULLISH OUTLOOK FOR COKING COAL - MINING MX & HELLENIC SHIPPING
Mining Mx reported that, the coking coal market has better long-term fundamentals than the iron ore market, according to a recent research rep ...
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- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
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- Ceylon Electricity Board - Sri Lanka
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- Bangladesh Power Developement Board
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- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
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- PTC India Limited - India
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- The University of Queensland
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Economic Council, Georgia
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- Thai Mozambique Logistica
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- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
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- Trasteel International SA, Italy
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- Borneo Indobara - Indonesia
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- Wood Mackenzie - Singapore
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- Manunggal Multi Energi - Indonesia
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- Thiess Contractors Indonesia
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- Ministry of Mines - Canada
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- Sinarmas Energy and Mining - Indonesia
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- Gujarat Mineral Development Corp Ltd - India
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- Electricity Authority, New Zealand
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- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
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- Alfred C Toepfer International GmbH - Germany
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- London Commodity Brokers - England
- Central Electricity Authority - India
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- McConnell Dowell - Australia
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- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
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