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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, 06 August 12
COAL EXPORTS COULD ADD $2B TO $6B ANNUALLY TO U.S. ECONOMY - HELLENIC SHIPPING
Business groups backing Pacific Northwest coal export proposals on Thursday lauded a new report that claims increased U.S. coal exports could bring ...
Sunday, 05 August 12
SUB-BIT INDONESIA COAL SWAPS ARE WAY UP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 1.36 percent on Friday (3 August 2012) closing W-o-W but gained& ...
Sunday, 05 August 12
INDONESIA'S ADARO TRIMS PRODUCTION FORECAST, CITES BAD ECONOMY - THE JAKARTA GLOBE
The Jakarta globe reported that, Adaro Energy, the country’s second-largest coal producer, has cut its annual production forecast to between ...
Sunday, 05 August 12
DRY BULK FREIGHT MARKET TO STAY WEAK NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com - The freight market continued to soften further in all segments.
The BDI was down by 8.68 pct closing at 852 points. The cape index ...
Friday, 03 August 12
INDIA - LIGHTS OUT! - SALVA
The Indian power sector hit global headlines this week for all the wrong reasons. Firstly, on Monday, over 350 million people lost power across nort ...
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- Baramulti Group, Indonesia
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- Asmin Koalindo Tuhup - Indonesia
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- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
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- Electricity Authority, New Zealand
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- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
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- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
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- Minerals Council of Australia
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- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
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- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
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- Indika Energy - Indonesia
- Parliament of New Zealand
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- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
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