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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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Monday, 31 December 12
"DISTRESSED", "ECO" AND "FINANCE" ARE THE THREE WORDS WHICH CHARACTERIZED 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2012 was yet another year of speculation, anticipation, pessimism and more speculation in the shipping markets. According to the latest weekly repor ...
Saturday, 29 December 12
SHIPBREAKING YARDS IN INDIA DEMOLISH A TOTAL OF 527 VESSELS IN 2012, BREAKING ALL PREVIOUS RECORDS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
India's ship demolition experts of Star Matrix contemplated this week on the issue of why ships in the range of 1,000 and up to 6,500 liquid tons ( ...
Thursday, 27 December 12
A LOOK AT WORLD TRADE PATTERNS DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
While China's leaders are likely to stick with the 2012 economic growth rate of 7.5% when they chart a course for 2013 - its weakest pace since 199 ...
Thursday, 27 December 12
INDONESIA SHIPPED 33.578* MMT COAL IN NOVEMBER
COALspot.com: Indonesia, the world largest multi grade coal exporter has shipped 33.578* million tons of coal in November 2012. thi ...
Wednesday, 26 December 12
UPDATE ON EXPORT BAN ON RAW MINERALS AND ORE - RITA SUSANTO
COALspot.com - In May 2012, the Minister of Energy and Mineral Resources (“MoEMR”) in Regulation No.7 (“Reg-7”, amended by R ...
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- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- The University of Queensland
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
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