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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
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Monday, 06 January 14
INDONESIAN COAL SWAPS SLIDE TO $ 61.25 FOR Q4' 14 DELIVERY
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery lost $ 0.32 pmt month on month on Friday 3 January 2014. Th ...
Sunday, 05 January 14
API 8 CFR SOUTH CHINA COAL SWAP FOR Q3 DELIVERY CLOSED $ 80.05, A $ 0.90 LOWER THAN Q1 PRICE
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery lost 1.40 percept day on day closed at US$ 80.95 per mt as o ...
Sunday, 05 January 14
CENTRAL BUREAU OF INVESTIGATION OF INDIA REGISTERS CASES IN CONNECTION WITH ALLEGED SUPPLY OF LOW QUALITY INDONESIAN COAL BY A PRIVATE COMPANY TO NTPC & NSPCL
COALspot.com: The Central Bureau of Investigation of India has registered two cases regarding alleged supply of low quality imported Indonesian coal ...
Saturday, 04 January 14
THE INDONESIAN GOVERNMENT TO DOWNSIZE ITS COAL PRODUCTION TARGET TO 400 MMT THIS YEAR
COALspot.com: Indonesia to downsize its coal production target to 400 million tons in 2014, lower than the production in 2013, which stood at 421 mi ...
Friday, 03 January 14
IN 2013 RBCT HAS, FOR THE FIRST TIME, EXPORTED MORE THAN 70 MILLION TONS OF COAL
COALspot.com: South Africa's Richards Bay coal terminal, the world’s largest single coal exporting terminal shipped 6.788 million tonnes of c ...
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- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Australian Coal Association
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
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