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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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- Eastern Energy - Thailand
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- IEA Clean Coal Centre - UK
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- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
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- Economic Council, Georgia
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- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
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- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
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- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
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- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Samtan Co., Ltd - South Korea
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- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
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- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
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- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
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- Energy Link Ltd, New Zealand
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- Parliament of New Zealand
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- Central Electricity Authority - India
- Indian Energy Exchange, India
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- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Minerals Council of Australia
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Attock Cement Pakistan Limited
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- Singapore Mercantile Exchange
- Bhatia International Limited - India
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- Petrochimia International Co. Ltd.- Taiwan
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
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- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
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- Electricity Authority, New Zealand
- Planning Commission, India
- The University of Queensland
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
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