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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, 07 June 10
SOUTH AFRICA COAL STAYS NEAR 18-MONTH HIGH ON EUROPEAN DEMAND - BLOOMBERG
Bloomberg Reported that, Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, ...
Sunday, 06 June 10
THE DOWNWARD TREND FOR S6 AND S7 ROUTE IS LIKELY TO CONTINUE NEXT WEEK - VISTAAR
COALspot.com: "This seemed market heading for corrections with all sectors down", said, Capt. Reddy, MD of Vistaar Shipping Singapore, an ...
Sunday, 06 June 10
STEAM COAL MAY BECOME NEXT BOOMING COMMODITY IN AUSTRALIA - DB
Deutsche Bank predicts that thermal coal could become Australia's next booming commodity. The German investment bank's global thermal coal team ex ...
Friday, 04 June 10
INDO/INDIA AROUND THE MID 20'S LEVEL AND MID TO HIGH 20'S INDIA/CHINA
Handy
After a quiet end to last week, the Atlantic handysize market continued&nb ...
Thursday, 03 June 10
INDO GOVERNMENT TRIES TO CALM BUSINESSES FEARS OVER FOREST - CLEARING MORATORIUM
The Jakarta Globe reported that, as producers of coal and palm oil continued to howl, the government on Tuesday offered reassurances that the develo ...
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- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
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- Star Paper Mills Limited - India
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- Australian Commodity Traders Exchange
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- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
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- Parliament of New Zealand
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- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
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- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
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- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
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- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
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- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
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- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
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- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
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- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Economic Council, Georgia
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- Cigading International Bulk Terminal - Indonesia
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- Energy Link Ltd, New Zealand
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- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
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- Australian Coal Association
- Trasteel International SA, Italy
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- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
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- Mintek Dendrill Indonesia
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
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- Energy Development Corp, Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- TNB Fuel Sdn Bhd - Malaysia
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