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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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Friday, 16 July 10
CHINA EXPORTS 10.14 MILLION TONNES OF COAL IN H1 OF 2010
China exported 10.14 million tonnes of coal in the first half of this year, down 13.1% compared with the corresponding period of last year, accordin ...
Thursday, 15 July 10
SMC TO PURSUE MINDANAO COAL MINING PROJECTS
Philippine Daily Inquirer reported that, DIVERSIFYING CONGLOMERATE San Miguel Corp. is inclined to pursue its coal mining projects in Mindanao ...
Thursday, 15 July 10
ADANI ENTERPRISES WILL BUY $1 BILLION COAL MINE FROM LINC ENERGY - TOP NEWS
Top News reported that, Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mi ...
Thursday, 15 July 10
ADANI TO DEVELOP COAL EXPORT TERMINAL IN AUSTRALIA - BUSINESS STANDARD
Business-Standard reported that, The Adani Group, promoter of Mundra Port and Special Economic Zone (MPSEZ), today said it has been selected as the ...
Thursday, 15 July 10
NO IMPROVEMENT IN THE DRY BULK MARKET - INTERMODAL
Broker’s insight
With the Baltic Dry Index today (13/7/2010) standing at 1,790 points - the lowest point since early May 2009 - ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
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- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
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- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
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- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
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- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
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- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
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- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Planning Commission, India
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- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
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- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
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- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
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- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
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- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
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- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
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- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Economic Council, Georgia
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
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