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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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Saturday, 07 December 13
A RARE TIME IN RECENT SHIPPING MARKET HISTORY: BOTH DRY BULK AND VLCC TANKER EARNINGS ARE ON THE RISE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Around this time of year, back in 2008, i.e. five years ago, the shipping markets were plagued with the aftermath of the global financial crisis tha ...
Friday, 06 December 13
INDONESIAN PARLIAMENT REJECTED A GOVERNMENT PROPOSAL TO EASE THE BAN ON EXPORTING UNPROCESSED ORE
COALspot.com: Indonesian House of Representatives rejected a proposal from Energy and Mineral Resources Minister Jero Wacik on to ease the ban on ex ...
Friday, 06 December 13
THE MINISTRY OF ENERGY & MINERAL RESOURCES OF INDONESIA FIXED DEC'13 HBA AT US$ 80.31
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has increased government declared coal bench mark price by US$ 2.18 / MT ...
Friday, 06 December 13
US PRODUCED APPROXIMATELY 82.8 MILLION SHORT TONS OF COAL IN NOVEMBER 2013
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.00 million short tons (mmst) of coal in ...
Friday, 06 December 13
PANAMAXES HAVE BEEN THE ' WEAPON OF CHOICE' BY MOST DRY BULK SHIP OWNERS DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Low ship prices, the direct consequence of subdued freight rates for the larger part of 2013 have been the main driving force behind this year's ag ...
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- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Australian Coal Association
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- VISA Power Limited - India
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
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