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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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Tuesday, 03 July 12
DRY BULK MARKET INCHED FORWARD AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched forward at the beginning of the new week, prior to the US holidays regarding the celebration of the 4th of July, which is ...
Monday, 02 July 12
ORPHEUS STRENGTHENS REVENUE STREAM WITH NEW ROYALTY AGREEMENT AT THE B2 COAL PROJECT
Orpheus Energy (ASX:OEG) is pleased to advise that it has executed a life of mine Royalty Agreement with Indonesian mining contractor PT Debbia Mini ...
Monday, 02 July 12
DRY BULK DEMAND TO RISE TO 3.6 BILLION TONNES IN 2012, BUT NEW BUILDING DELIVERIES ARE
In its latest analysis on the dry bulk market fundamentals, DVB Bank said that dry bulk cargo demand is forecast to rise to approximately 3.6 billio ...
Sunday, 01 July 12
AUSTRALIAS CARBON TAX - SUNIL K KUMBHAT
COALspot.com - Climate Change
Climate change and global warming have now become buzzwords the world over. The disastrous consequences for global ...
Sunday, 01 July 12
DSP OF SGX ASIACLEAR OTC COAL SWAP'S THIS WEEKS MOVEMENTS SLIGHTLY POSITIVE
COALspot.com - SGX AsiaClear OTC Coal Swaps have recovered slightly this week and Q4 deliveries are also showing positive direction.
SGX’s ...
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- Binh Thuan Hamico - Vietnam
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- Edison Trading Spa - Italy
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- The University of Queensland
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- PTC India Limited - India
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- Global Coal Blending Company Limited - Australia
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- Gujarat Electricity Regulatory Commission - India
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- Meralco Power Generation, Philippines
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- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
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- Eastern Coal Council - USA
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- Parliament of New Zealand
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- Standard Chartered Bank - UAE
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Price Waterhouse Coopers - Russia
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- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Indian Energy Exchange, India
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- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
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- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Thai Mozambique Logistica
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- Power Finance Corporation Ltd., India
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- Tamil Nadu electricity Board
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
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- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
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- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
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- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Siam City Cement - Thailand
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- Iligan Light & Power Inc, Philippines
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- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
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- India Bulls Power Limited - India
- Bangladesh Power Developement Board
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- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
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- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
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- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
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- Krishnapatnam Port Company Ltd. - India
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- Petrochimia International Co. Ltd.- Taiwan
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