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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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Wednesday, 11 September 13
ASIA - PACIFIC THERMAL COAL MARKET TO REMAIN OVERSUPPLIED IN NEXT 12 MONTHS - FITCH RATINGS
COALspot.com: Fitch Ratings says the Asia-Pacific thermal coal market will remain oversupplied in the next 12 months because strong production has b ...
Tuesday, 10 September 13
COAL EXPORTS AT AUSTRALIA'S NEWCASTLE PORT SLIP 30.31% ON WEEK TO 2.36 MMT
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port down 30.31 per cent week on week to 2.36 million mt f ...
Tuesday, 10 September 13
WORLDWIDE COAL CONSUMPTION RISES SHARPLY - RA DR. ERICH SCHMITZ
By: RA Dr. Erich Schmitz, Verein der Kohlenimporteure (Germany Coal Importers Association)
World hard coal market in the first half of 2013: worl ...
Monday, 09 September 13
REBOUND IN NEWBUILDING ORDERS HASN'T HURT DRY BULK MARKET PROSPECTS, BUT SHIP OWNERS SHOULD STILL BE CAUTIOUS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Since the start of 2013 and up until the end of August, one thing has really caught the headlines in the dry bulk market, except of course, the frei ...
Sunday, 08 September 13
Q3 2014 THERMAL COAL SWAPS : STEADY DIRECTION
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery up 1.88 percent month on month. The swap was moved ...
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- Bhatia International Limited - India
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- New Zealand Coal & Carbon
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- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
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- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
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- Power Finance Corporation Ltd., India
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- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- The University of Queensland
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- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Australian Coal Association
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
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- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
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- Planning Commission, India
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- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Coal and Oil Company - UAE
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- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
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- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
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- Orica Mining Services - Indonesia
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- Iligan Light & Power Inc, Philippines
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- San Jose City I Power Corp, Philippines
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- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
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- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
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- Bangladesh Power Developement Board
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- Gujarat Mineral Development Corp Ltd - India
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- GAC Shipping (India) Pvt Ltd
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- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
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- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
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- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
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- Ministry of Mines - Canada
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- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
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- Karbindo Abesyapradhi - Indoneisa
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