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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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Sunday, 01 January 12
IS INDIA FOLLOWING INDONESIA TO STANDARDIZE COAL PRICES TO GET MAXIMUM BENEFITS?
COALspot.com - Coal India limited, an Indian state owned and world largest coal producer has introduced gross calorific value (GCV) based pricing me ...
Saturday, 31 December 11
GLOBALCOAL NEWC INDEX SURGED 2.32 PERCENT
COALspot.com - globalCOAL index in Newcastle Port, benchmark for Asian market, ended substantially higher, surged 2.32 percent to US$115.47 per ...
Saturday, 31 December 11
BORNEO LUMBUNG TO BUY BUMI STAKE, SWAP CEO - THE JAKARTA GLOBE
The Jakarta Globe, one of the leading english news paper in Indonesia reported yesterday, shareholders of Indonesian coking coal miner Borneo Lumbun ...
Friday, 30 December 11
CENTRAL GOVERNMENT SHOULD ISSUE PERMITS - THE JAKARTA POST
The Jakarta Post reported that, business associations from both the palm oil and mining sectors have suggested that the central government should re ...
Thursday, 29 December 11
NEW VESSELS DELIVERED ARE FLOODING THE OCEANS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As expected 2011 has been the year that newbuilding deliveries peaked and kept "flooding" the market, thus supressing freight rates and er ...
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- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Latin American Coal - Colombia
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- White Energy Company Limited
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Australian Coal Association
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
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