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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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Wednesday, 25 December 13
SHIPPING : AS FAR AS THIS CYCLE IS CONCERNED, 'WE HAVE SEEN THE WORST....!' - JOHN N. COTZIAS
In a week’s time the year comes to an end. Having been a speaker in two seminars over the past 5 days I was able to see the year ending trends ...
Tuesday, 24 December 13
AUSTRALIAN NEWCASTLE PORT'S WEEKLY COAL EXPORTS UP 11.46% W-W
COALspot.com: In the week ended December 23, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 3.84 ...
Tuesday, 24 December 13
SGX HAS LAUNCHED FREIGHT FUTURES
COALspot.com: Singapore Exchange (SGX) has announced the launch of freight future yesterday.
According to SGX’s press release, SGX has laun ...
Monday, 23 December 13
API 8 CFR SOUTH CHINA COAL SWAP FOR AVERAGE Q1' 14 CLOSED AT $ 82.80
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 2.97 percept month on month as on Friday 20 December 2013. ...
Sunday, 22 December 13
Q1' 14 DELIVERY COAL SWAPS CLOSING HIGH COMPARED TO Q4' 14 DELIVERY CLOSING
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery gained $ 1.31 pmt month on month on Friday 20 December 2013 ...
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- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Australian Coal Association
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Central Electricity Authority - India
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