We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 17 September 13
ORPHEUS SECURES SIGNIFICANT INFRASTRUCTURE DEAL THROUGH ACQUISITION OF SOUTH KALIMANTAN PORT CAPACITY
 COALspot.com : Orpheus Energy Limited (ASX: OEG) of Australia has today announced that, it has executed a binding agreement with the proprietor of SKJM Port in South Kalimantan, Indonesia to secure exclusive barge loading capacity in excess of 200,000 tonnes per month for a term of 10 years.
According to company's press release, the company has secured exclusive 10 year agreement with SKJM Port operators in South Kalimantan. Initially Orpheus to be responsible for allocation of loading slots for 5 years. The agreement is allowing Orpheus to extend for another 5 years.
Initially around 150,000 tonnes tons of coal to be handled per month through the port and it will increase to around 200,000 tonnes/month (up to 3Mtpa) after port upgrade. First barge to be loaded immediately, according to the company’s note.
Orpheus Executive Chairman, Wayne Mitchell, commented: “We are delighted to announce this highly material infrastructure development which will provide robust cash flows for Orpheus. We have been working on this deal for a significant period of time and the execution of the SKJM Port agreement fundamentally changes our company from a modest producer and seller of coal, to a vertically integrated mining company of significant size.
“Orpheus has continued to progress its strategic objective to manage its entire coal chain from mine mouth to end buyer, and encouragingly, the company now has the capacity to do that. Given challenging market conditions, Orpheus has adapted extremely well to diversify its revenue streams and this agreement, along with our existing mining and trading operations, is another important step in the company working towards its goal of becoming cash flow positive.”
“We are particularly pleased we were able to negotiate a very favourable arrangement with one of our customers to fund the acquisition and development cost and the structure of this deal means we can avoid the dilution of existing shareholders”, he concluded.
Highlights include:
-- Exclusive 10 year agreement with SKJM Port operators in South Kalimantan, initially for 5 years, with an extension for another 5 years at Orpheus’s option
-- Initially 150,000 tonnes/month increasing to 200,000+ tonnes/month (up to 3Mtpa) after port upgrade: First barge to be loaded immediately
-- Orpheus to be responsible for allocation of loading slots
-- First infrastructure deal demonstrating stated vertical integration strategy
-- Strategic infrastructure platform to increase revenues
-- Acquisition and development costs to be funded off balance sheet by local infrastructure investor with principal to be repaid by SKJM Port
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 30 January 14
JPU SETTLEMENT PRICE AS A BENCHMARK WILL DECLINE IN IMPORTANCE BUT REMAIN RELEVANT, SAYS WOOD MACKENZIE
JPU price will remain above spot, trending closer to spot till 2015 then increasing to 2035.
Japanese Power Utilities (JPU) are approaching a cru ...
Thursday, 30 January 14
PANAMAX MARKET IS SOFTENING ON LESS ACTIVITY IN BOTH HEMISPHERES - FEARNRESEARCH
Handy
In the Atlantic rates have been slowly sliding but ows can still achieve decent money for TArv´s. USG positions still being fixed in re ...
Thursday, 30 January 14
TANKER PROFITABILITY IS THE 'MILLION-DOLLAR' QUESTION FOR SHIP OWNERS THIS YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The tanker market conditions are expected to remain challenging throughout the year for tanker owners, but even more pressing will be the issue of a ...
Tuesday, 28 January 14
GLOBAL COKING AND STEAM COAL PRODUCTION HAVE GROWN 2% TO 3% TO ABOUT 7.1 BILLION TONNES AS OF THE END OF 2013 - VDKI
COALspot.com (Press Release): Initial figures on the world hard coal market at the VDKi ((Association of Coal Importers - German) New Year’s R ...
Tuesday, 28 January 14
AUSTRALIAN NEWCASTLE PORT'S WEEKLY COAL EXPORTS JUMP 13.75% WEEK ON WEEK
COALspot.com: In the week ended 27 January 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled ...
|
|
|
Showing 3876 to 3880 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- The University of Queensland
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
|
| |
| |
|
