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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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Wednesday, 26 December 12
SHIP OWNERS WRAP UP NEWBUILDING DEALS PRIOR TO YEAR END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the year inches closer and closer to its end, many ship owners are looking to close deals for newbuilding vessels they have been negotiating duri ...
Monday, 24 December 12
CONSTITUTIONAL COURT DECISION MAY FURTHER DELAY THE ISSUANCE OF NEW MINING BUSINESS LICENCES - TJEN SHE SIUNG
COALspot.com - In November 2012 the Constitutional Court of Indonesia issued a decision on amendments to certain provisions under the Mining Law No. ...
Monday, 24 December 12
BUNKER PRICES TO CONTINUE RISING, ALBEIT IN A SLOWER MODE, DURING THE NEXT FEW YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEW
In a recent report, US-based consulting firm Mcquilling Services attempted to forecast the course of bunker prices during the next few years, as thi ...
Sunday, 23 December 12
Q4' 2013 CFR SOUTH CHINA COAL SWAP, US$ 3.40 HIGHER COMPARED TO Q1' 2013 PRICE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 1.94 percent M-M and WoW by 1.57percent but lost 0.35 ...
Saturday, 22 December 12
SECOND HAND VESSELS ENJOY HIGH DEMAND AS PRICES ARE ATTRACTIVE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the year is closing to its end, activity in the second hand vessel market has been more than high. Ship owners are looking to ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Planning Commission, India
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
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- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
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- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- PTC India Limited - India
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
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