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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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Sunday, 13 January 13
THE FREIGHT MARKET: FAIRLY STEADY - VISTAAR
COALspot.com - The freight market was fairly steady with all the indices up with maximum gain in the Panamax segment. The BDI was up by 7.65 pct clo ...
Saturday, 12 January 13
SUB-BIT FOB INDONESIA COAL SWAPS: WEAK
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has lost 0.32 percent WoW but CFR South China coal ship ...
Saturday, 12 January 13
HIGHER COAL PRICES: SEASONAL EFFECT
COALspot.com : Bahana Securities, one of the leading securities in Indonesia, said in its latest coal outlook that, on US and China&rsquo ...
Friday, 11 January 13
HBA HAS JUMPED BY US$ 5.80 PMT IN JANUARY 2013
COALspot.com - The Indonesian government has declared bench mark price for coal higher than December price. The monthly coal reference price f ...
Thursday, 10 January 13
PANAMAX : SOME GLIMMERS OF HOPE MID WEEK - FEARNLEYS
According to Fearnley’s weekly report, the Atlantic handy market is stable with rates around USD 11k for Cont-Feast and USD 17k bss USG/Feast. ...
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- Parliament of New Zealand
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- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
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- Mercuria Energy - Indonesia
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- Attock Cement Pakistan Limited
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- Indian Oil Corporation Limited
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- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
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- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Economic Council, Georgia
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- Africa Commodities Group - South Africa
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- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- The University of Queensland
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- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
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- PNOC Exploration Corporation - Philippines
- Australian Coal Association
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- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
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- Jaiprakash Power Ventures ltd
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- Bangladesh Power Developement Board
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- Bharathi Cement Corporation - India
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- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- MS Steel International - UAE
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- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
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- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
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- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
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- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
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- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
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- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
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- Independent Power Producers Association of India
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- Eastern Energy - Thailand
- Planning Commission, India
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- The Treasury - Australian Government
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- London Commodity Brokers - England
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- Anglo American - United Kingdom
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- White Energy Company Limited
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- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
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