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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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Tuesday, 15 January 13
GRANT SMITH APPOINTED GROUP MANAGING DIRECTOR OF BRAEMAR ADJUSTING
The Board of Braemar Adjusting is delighted to announce the appointment of Grant Smith as Group Managing Director of the company with immediate effe ...
Tuesday, 15 January 13
2ND MYANMAR MINING SUMMIT & OFFICIAL HOST MINISTRY OF MINES TO WELCOME OVER 200 DELEGATES NEXT WEEK
Press Release: The Ministry of Mines is hosting the 2nd Myanmar Mining Summit in Yangon on 21-24 January to unravel the local mining climate, prospe ...
Monday, 14 January 13
NEWCASTLE PORT SHIPPED 2.32 PERCENT LESS COAL W/E 14 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 3,123,312 MT of thermal and coking coal for week ended 0700 hours 14 January 2013, Newca ...
Monday, 14 January 13
THE COAL MONGOLIA - 2013 OFFICIALLY IN COOPERATION WITH TOP MINING COMPANIES
Press Release: Mongolian first mining portal site Mining.mn has already started its preparation of the International Conference “COAL MONGOLIA ...
Monday, 14 January 13
NTPC INVITES BIDS FOR 500K MT OF IMPORTED COAL
COALspot.com - NTPC Limited (formerly National Thermal Power Corporation) is the largest Indian state-owned electric utilities company called for a ...
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- Sakthi Sugars Limited - India
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- Renaissance Capital - South Africa
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- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
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- Straits Asia Resources Limited - Singapore
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- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Minerals Council of Australia
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
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- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Trasteel International SA, Italy
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- Central Electricity Authority - India
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- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Australian Commodity Traders Exchange
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- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
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- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
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- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
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- Salva Resources Pvt Ltd - India
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- Thiess Contractors Indonesia
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- Karbindo Abesyapradhi - Indoneisa
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- Medco Energi Mining Internasional
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- Alfred C Toepfer International GmbH - Germany
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- Bahari Cakrawala Sebuku - Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
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- Kapuas Tunggal Persada - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
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- Power Finance Corporation Ltd., India
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- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Parry Sugars Refinery, India
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- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
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- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
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