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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, 26 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The Baltic Dry Index follows its upward incline for fourth consecutive week by rising to more than 900 points, up by 37% from the bottom low in the ...
Monday, 26 March 12
GOLDEN MINES FY11 REVENUE JUMPS 209% - INSIDER STORIES
Insider Stories reported that, coal miner PT Golden Energy Mines Tbk (GEMS), that is controlled by Sinar Mas Group, recorded a 209% jump in revenue ...
Saturday, 24 March 12
AUSTRALIA'S MINERAL TAX : BENCHMARK FOR OTHER COUNTRIES - SUNIL K KUMBHAT
COALspot.com - Natural resources rich counties like Australia , Indonesia , South Africa , Brazil etc are going through a spectacular resources boom ...
Saturday, 24 March 12
THE AVERAGE CHARTER RATES WAS AT CAPESIZE $ 4,546 PER DAY VS SUPRAMAX / $ 10,819 PER DAY - VISTAAR
COALspot.com - The BDI crossed 900 points this week closing at 908 points up by 3.89 pct. All other sectors were up except for cape index whic ...
Thursday, 22 March 12
ECI-CHINA HANDY RATES ARE AROUND US$ 8000 - FEARNLEYS
Handy
Another positive trend was seen last week with more cargoes entering the market. Skaw-Passero/US Gulf climbed slowly up to USD 3700, while US ...
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- Bhushan Steel Limited - India
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- IEA Clean Coal Centre - UK
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- Eastern Coal Council - USA
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- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
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- Minerals Council of Australia
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- Eastern Energy - Thailand
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- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
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- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
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- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
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- Xindia Steels Limited - India
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- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Wilmar Investment Holdings
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- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
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- MS Steel International - UAE
- Indian Oil Corporation Limited
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- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
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- Bharathi Cement Corporation - India
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
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- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
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- CIMB Investment Bank - Malaysia
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- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
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- Aditya Birla Group - India
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- Energy Link Ltd, New Zealand
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- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
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