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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, 30 December 13
INDONESIAN COAL TO BE PART OF INDEX DETERMINING POWER TARIFFS - BUSINESS STANDARD
In a significant move, power sector regulator CERC has decided to provide 50 per cent weightage for Indonesian coal in the benchmark index that is u ...
Friday, 27 December 13
THE EXPORT OF UNPROCESSED MINERALS WOULD NOT BE ALLOWED AFTER 12 JAN 2014 - INDONESIAN ENERGY MINISTER
COALspot.com: The government of Indonesia will implement Law No. 4 of 2009 on Mineral and Coal in full and consistently by January 12, 2014, said, m ...
Friday, 27 December 13
INDONESIA SHIPPED 15.75 PERCENT MORE COAL IN NOVEMBER
COALspot.com: Indonesia, the world's 4th largest coal producer and the largest multi grade coal exporter shipped over $2* billion worth of co ...
Thursday, 26 December 13
COAL & OIL GROUP SECURES US$ 250 MILLION FUNDING FOR ITS 1200MW THERMAL POWER PLANT IN INDIA
COALspot.com: Dubai-based Coal & Oil (C&O) Group has announced that it has secured additional funding of approximately Dhs. 1 billion (appro ...
Wednesday, 25 December 13
DRY BULK INDEX LOST SOME GROUND THIS PAST WEEK - INTERMODAL
Chartering (Wet: Firm+ / Dry: Softer - )
The Dry Bulk Index lost some ground this past week, on the back of activity slowing down befor ...
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- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- The University of Queensland
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Australian Coal Association
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- London Commodity Brokers - England
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
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