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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, 04 October 13
US COAL PRODUCTION UP 2.1% WEEK ON WEEK - EIA
COALspot.com – United States the world’s second largest coal producer produced approximately 19.70 million short tons (mmst) of coal in ...
Thursday, 03 October 13
INDONESIA AUGUST COAL EXPORTS FALL 12.90 % FROM JULY TO 30.71 MIL MT
COALspot.com: Indonesia, the 15th largest economy in world, 4th largest coal producer in world and world's largest multi grade coal exporter ...
Thursday, 03 October 13
TOP FOUR U.S. COAL COMPANIES SUPPLIED MORE THAN HALF OF U.S. COAL PRODUCTION IN 2011 - EIA
In the past two years, more than half of U.S. coal production was attributable to the top four coal producers, the result of changes in regional pro ...
Thursday, 03 October 13
HANDY: PERIOD MARKET STAND IN GOOD POSITION - FEARNRESEARCH
Handy
Nickel ore and Bauxite was active last week but slowed down now due to Chinese holidays. Ships opened in North China fixed at US$ 11-13k leve ...
Wednesday, 02 October 13
DRY BULK MARKET IS STILL MAINTAINING ITS UPWARD DIRECTION
Chartering (Wet: Stable- / Dry: Firm+)
Despite the fact that rates for Capes didn't continue their crazy ride this past week, the Dry Bulk market ...
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- Energy Development Corp, Philippines
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- The University of Queensland
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- SMC Global Power, Philippines
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- New Zealand Coal & Carbon
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- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
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- Ministry of Transport, Egypt
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- International Coal Ventures Pvt Ltd - India
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- Global Green Power PLC Corporation, Philippines
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- Parliament of New Zealand
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- Australian Coal Association
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Tamil Nadu electricity Board
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- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
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- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
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- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
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- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
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- Chamber of Mines of South Africa
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- Indian Energy Exchange, India
- Ministry of Mines - Canada
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- Bukit Asam (Persero) Tbk - Indonesia
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- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
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- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- MS Steel International - UAE
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- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
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- Bangladesh Power Developement Board
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- Meralco Power Generation, Philippines
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- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
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- Anglo American - United Kingdom
- Edison Trading Spa - Italy
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- Romanian Commodities Exchange
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- ICICI Bank Limited - India
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- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
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- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
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- Independent Power Producers Association of India
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- European Bulk Services B.V. - Netherlands
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- Central Electricity Authority - India
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- Interocean Group of Companies - India
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- Rio Tinto Coal - Australia
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- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
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- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
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- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Minerals Council of Australia
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- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
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- Madhucon Powers Ltd - India
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
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