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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, 31 January 12
THERE ARE MANY GOOD REASONS FOR COAL IN GERMANY - DR CIESLIK
COALspot.com - "The year 2011 was again marked by many changes on the markets and energy policies, at times in line with expectations, but at o ...
Tuesday, 31 January 12
DRY BULK MARKET KEEPS FALLING FOR WORST MONTH IN YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market didn't manage to put a halt in its downfall, with the industry's benchmark, the BDI (Baltic Dry Index), posting yet another fa ...
Monday, 30 January 12
CHINA'S HUNGER FOR COAL LEAVES DENT IN PENNSYLVANIA'S SUPPLY - THOMAS LESKIN
With the price of heating oil on the rise, one of Pennsylvania's greatest natural resources - coal - is in high demand, and not just locally.
Et ...
Saturday, 28 January 12
WILL FREIGHT MARKET STABILIZE FROM NEXT WEEK?
COALspot.com - The markets continued to soften with BDI at 663 points down by 15.78 pct closing at 726 points and cape index was down by 5.73 pct cl ...
Friday, 27 January 12
DEMOLITION ACTIVITY NEEDS TO INCREASE SIGNIFICANTLY THIS YEAR AS WELL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of vessels in most shipping sectors is so intense that it’s become clear to ship owners that unless they scrap as many of their ...
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- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Australian Coal Association
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
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