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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, 02 April 12
BANGLADESH EYEING INDONESIA FOR COAL
COALspot.com - The high level executives of Center for Environmental and Geographic Information Services (CEGIS) of Bangladesh is visiting Ind ...
Monday, 02 April 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first quarter of the New Year ended with the BDI standing 42% above from the 26 years’ bottom low of 662 points on February 1st, and a pos ...
Saturday, 31 March 12
THE BDI CONTINUED TO MOVE UPWARD - VISTAAR
COALspot.com - The BDI continued to move upward and rose by 2.86 pct closing at 934 points.
The cape index was up by 3.14 pct closing at 1,412 po ...
Saturday, 31 March 12
SRI LANKA IMPORTS 152,555 MT OF INDONESIAN COAL IN FEBRUARY
COALspot.com: Indonesia, the world largest coal exporter, shipped 27.126* million tons of coal in February 2012, compared to 28.21* million to ...
Friday, 30 March 12
RECOND NUMBERS SURROUNDING THE SUPRAMAX DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Last year proved to be both a record year in the number of deliveries of dry bulkers between 40,000dwt and 64,000dwt, as well as a record year in th ...
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- Global Coal Blending Company Limited - Australia
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- Trasteel International SA, Italy
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- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
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- New Zealand Coal & Carbon
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- Eastern Energy - Thailand
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- Bharathi Cement Corporation - India
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- MS Steel International - UAE
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- Power Finance Corporation Ltd., India
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- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Mercator Lines Limited - India
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- Bhushan Steel Limited - India
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- GAC Shipping (India) Pvt Ltd
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- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
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- Heidelberg Cement - Germany
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
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- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Sojitz Corporation - Japan
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- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
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- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
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