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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, 22 May 12
DRY BULK MARKET STEADY, AWAITING FURTHER RISE IN DEMAND WHICH IS DOUBTFUL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Traditionally, the second and third quarters of the year are the strongest for the dry bulk market, but this year, things seem to be quite subdued, ...
Sunday, 20 May 12
SPOT FREIGHT RATE DIPS FURTHER - VISTAAR
COALspot.com - The BDI was marginally up by 3 points (0.26 pct) closing at 1,141 points.
The cape index was up by 1.17 pct closing at 1,633 point ...
Saturday, 19 May 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS DROP US$ 2.88 PMT W-O-W
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for June deliveries have drops this week by 3.86 percent and& ...
Saturday, 19 May 12
INDONESIAN EXPORT TAX GIVES COAL MINERS A CHEAP RIDE: ANALYSTS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s policy to exclude coal from an export tax that has been applied to 14 other mineral commodities h ...
Friday, 18 May 12
EXPORT TAX WILL ERODE PROFITS, INDONESIAN COAL EXEC COMPLAINS - THE JAKARTA GLOBE
The Jakarta Globe reported that, A 20 percent export duty the government has imposed on 14 mineral ore products will not only take a toll on mining ...
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- White Energy Company Limited
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- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
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- Indonesian Coal Mining Association
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- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
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- Parry Sugars Refinery, India
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- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
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- Energy Link Ltd, New Zealand
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- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
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- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Eastern Coal Council - USA
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
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- Bhatia International Limited - India
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- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
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- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
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- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Planning Commission, India
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
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- SMC Global Power, Philippines
- Mercator Lines Limited - India
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- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
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- Altura Mining Limited, Indonesia
- Australian Coal Association
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
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- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
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- Minerals Council of Australia
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- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
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- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
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- Tata Chemicals Ltd - India
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- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
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