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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, 15 October 12
IT'S STRICTLY COME CHARTERING - CLARKSON RESEARCH SERVICES
The charter market is a bit of a dance between ship owner and charterer: one leader, one follower; one step, two steps, turn... The dance is symbiot ...
Sunday, 14 October 12
SUB-BIT INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS: SOFT
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery lost 0.329 percent w- w but gained 0.248 percent d-d on Friday, 12 Oct ...
Sunday, 14 October 12
SUPRAMAX FREIGHT STEADY: PANAMAX FREIGHTS FIRM - VISTAAR
COALspot.com - The shipping market saw some hectic activity in the Cape and panamax sector and quite a lot of fixtures reported.
The BDI was up b ...
Friday, 12 October 12
HOW REAL IS THE THREAT OF PIRACY? - BIMCO
The threat of modern piracy remains serious, regardless of its seasonal variations and the fact that it is chiefly confined to the Indian Ocean, Gul ...
Friday, 12 October 12
INVESTMENT OPPORTUNITIES OCCUR IN THE SECOND HAND VESSEL MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although 2012 has by now evolved into one of the most challenging years for global shipping industry, ship owners are scouting the second hand ship ...
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- Interocean Group of Companies - India
- The Treasury - Australian Government
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- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
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- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
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- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
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- Goldman Sachs - Singapore
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- Ambuja Cements Ltd - India
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- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
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- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
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- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
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- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
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- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Deloitte Consulting - India
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- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- London Commodity Brokers - England
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- Petrochimia International Co. Ltd.- Taiwan
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- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
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- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
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- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
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- Wilmar Investment Holdings
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- Aditya Birla Group - India
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
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