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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, 09 December 12
LOW DEMAND PUSHES CHARTER RATES TOWARDS DOWN - VISTAAR
COALspot.com - The freight market has softened and BDI, The Baltic Dry Index, a measure of shipping costs for dry bulk goods, plunged below 10 ...
Friday, 07 December 12
A NEW PHASE FOR AUSTRALIAN RESOURCES - A FITCH STREET INTERVIEW
This week Matt Jamieson spoke with Andrew Colquhoun in Fitch's Asian sovereign rating team, and Vicky Melbourne, Fitch's commodity analyst based i ...
Friday, 07 December 12
SHIPPING INDUSTRY LOOKING ON YET ANOTHER TOUGH YEAR AS WE APPROACH 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With shipping finance "on the ropes" as traditional lenders appear to be cutting their losses and tonnage oversupply still the most import ...
Thursday, 06 December 12
PANAMAX : THE POSITIVE VIBES IN THE ATLANTIC REMAINS - FEARNLEYS AS
Handy
The Atlantic market is still depressed with dearth of cargoes and more ships. The trips from Continent to Feast fixed around USD 12k. Trips f ...
Thursday, 06 December 12
STRONG CHINESE DEMAND FOR DRY BULK COMMODITIES EXPECTED FOR 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A new analysis from BIMCO released yesterday suggests that 2013 is expected to be a stronger year in terms of China's "hunger" for commod ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
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