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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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Friday, 22 June 12
COAL: THE BACKBONE OF MODERN ELECTRICITY - ECOAL
Coal has been described as the "forgotten fuel," perhaps because many aren't aware of the huge role it plays in powering the global econo ...
Thursday, 21 June 12
DRY BULK MARKET ON THE RISE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was on the rise once again yesterday, with the Baltic Dry Index (BDI), the industry’s benchmark, rising by 18 points, or 1 ...
Wednesday, 20 June 12
BDI MOVING HIGHER, PANAMAX AND SUPRAMAX VESSELS STRONGER, CAPESIZE RATES NEAR TO HISTORICAL LOWS OF DECEMBER 2008 - MARIA BERTZELETOU, HELLENIC SHIPPING
The dry market seems to follow the dynamic of the previous week with the Baltic Dry Index showing daily increases since June 8th, but is still stand ...
Tuesday, 19 June 12
SMALLER DRY BULK CARRIERS LIFT UP MARKET, PANAMAXES SET TO FALL SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Another rise for the dry bulk market was evident yesterday, as the industry’s benchmark, the BDI (Baltic Dry Index) was up for a ninth straigh ...
Sunday, 17 June 12
S7 & S8 ROUTES ARE LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI gained some increase after continues fall for several weeks.
The BDI increased by 47 points (up by 5.36 pct) closing at 92 ...
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- Price Waterhouse Coopers - Russia
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- Bhushan Steel Limited - India
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- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
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- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
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- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
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- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
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- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
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- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Parliament of New Zealand
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Australian Coal Association
- Siam City Cement PLC, Thailand
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
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