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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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Wednesday, 16 November 11
A STRONG WEEK FOR THE CAPES - BRS
A sharp bounce by the Cape market pushed the BDI up by 3% last week. This was despite a softening in the other indices with the Panamax, Supramax an ...
Monday, 14 November 11
BORL SEEKS 660K MT OF LOW SULPHUR COAL
COALspot.com - BORL India has issued a tender for around 660,000 MT of 4500 - 5500 kcal/kg sub-bituminous Coal.
Bharat Oman Refineries Ltd ...
Sunday, 13 November 11
BUNKER PRICES REMAINED FIRM
COALspot.com - The market seemed to recover this week with the BDI and Cape Index up.
The BDI was up by only about 2.86 pct closing at 1835 point ...
Saturday, 12 November 11
COALINDO ENERGY LAUNCHED INDEX FOR 3400 GAR COAL
COALspot.com - PT Coalindo Energy, in cooperation with Argus Media Limited, launched the coal index for low-rank coal with a calorific value of 3,40 ...
Saturday, 12 November 11
BBJ WILL RELEASE A COAL CONTRACT
Jakarta Futures Exchange will soon release a coal futures contracts during the quarter 1 / 2012.
Director of the Jakarta Futures Exchange (BBJ) S ...
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- Essar Steel Hazira Ltd - India
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- PowerSource Philippines DevCo
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- Eastern Coal Council - USA
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- Chamber of Mines of South Africa
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Economic Council, Georgia
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- Aditya Birla Group - India
- Australian Coal Association
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- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Australian Commodity Traders Exchange
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- Bulk Trading Sa - Switzerland
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- New Zealand Coal & Carbon
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- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
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- Thiess Contractors Indonesia
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- Ambuja Cements Ltd - India
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- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
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- Global Business Power Corporation, Philippines
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- Samtan Co., Ltd - South Korea
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- Georgia Ports Authority, United States
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Ministry of Mines - Canada
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- Billiton Holdings Pty Ltd - Australia
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- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
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- The University of Queensland
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- Global Coal Blending Company Limited - Australia
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