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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, 03 May 13
SHIP OWNERS ARE INVESTING HEAVILY IN DRY BULK CARRIER NEWBUILDINGS ONCE MORE: IS THERE ANY RATIONALE? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the dry bulk market remains heavily oversupplied and just as the orderbook of newbuildings had began to shrink, it seems that sh ...
Wednesday, 01 May 13
NEWCASTLE PORT SHIPPED 23.14 PER CENT MORE COAL WEEK ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,997,729 tons of thermal and coking coal for week ended 0700 hours 29 April 2013, Newca ...
Tuesday, 30 April 13
KATINGAN RIA THERMAL COAL TO START PRODUCTION FROM EARLY 2014
COALspot.com - Realm Resources Ltd. (ASX: RRP) has announced the completion of the Feasibility Study for its 51% owned Katingan Ria thermal co ...
Monday, 29 April 13
FIRST TRADES OF SGX API 8 CFR SOUTH CHINA COAL SWAP
COALspot.com - The SGX API 8 CFR South China Coal Swap went live for clearing on SGX-DC today with a total volume of 25,000 metric tonnes (25 lots). ...
Sunday, 28 April 13
SUB BIT INDONESIA COAL & CFR SOUTH CHINA COAL SWAPS STAY POSITIVE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average May 2013 delivery has gained 0.34 percent and CFR South China coal shipment gai ...
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- India Bulls Power Limited - India
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- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Australian Coal Association
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- Directorate Of Revenue Intelligence - India
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- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
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- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
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- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
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- PowerSource Philippines DevCo
- Ministry of Mines - Canada
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- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
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- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Sarangani Energy Corporation, Philippines
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- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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- Tamil Nadu electricity Board
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- Bhoruka Overseas - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
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- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
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- Meralco Power Generation, Philippines
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- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
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- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
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- Australian Commodity Traders Exchange
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- Xindia Steels Limited - India
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- The State Trading Corporation of India Ltd
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- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
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- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
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- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
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- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
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- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
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- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
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- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Independent Power Producers Association of India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Economic Council, Georgia
- Dalmia Cement Bharat India
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