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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, 07 November 11
CHINA'S COAL IMPORTS STEAM AHEAD
Chinese seaborne coal imports have grown greatly in recent years, up from 39.2mt in 2008 to 167.7mt in 2010, with the result that China became a net ...
Saturday, 05 November 11
DEMAND SLUMP THREATENS MORE PAIN FOR BULK VESSELS - VISTAAR
COALspot.com - The market continued to fall with BDI dropping below 2,000 points by around 10 pct and closing at 1817 points. The cape index also co ...
Saturday, 05 November 11
BERAU STARTS TO EXPLORE BINUNGAN SITE - INSIDER STORIES
Insider Stories reported that, coal miner PT Berau Coal, a 90% owned subsidiary of PT Berau Coal Energy Tbk (BRAU), is busy to hold exploration in B ...
Friday, 04 November 11
INDIAN IRON ORE MARKET REMAINS DEAD - FEARNLEYS
Handy
The Atlantic market kept its strong position from last week. Even with fewer fixtures reported. Fronthauls still around 25k, wit ...
Thursday, 03 November 11
DRY BULK MARKET OFFICIALLY IN THE RED ON LOWER CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept falling yesterday, on lower iron ore demand, which has caused the industry’s benchmark, the BDI (Baltic Dry Index) to ...
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- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
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- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
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- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
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- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
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- Thiess Contractors Indonesia
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- Samtan Co., Ltd - South Korea
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- Indian Oil Corporation Limited
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- Posco Energy - South Korea
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- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
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- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
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- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
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- Singapore Mercantile Exchange
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- PNOC Exploration Corporation - Philippines
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- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
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- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- The University of Queensland
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- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
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- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
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- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Australian Coal Association
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
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- Planning Commission, India
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
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- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
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