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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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Friday, 13 December 13
HARD COAL : VOLUMES POSSIBLY AT RECORD-BREAKING HIGH; PRICES POSSIBLY AT A RECORD-BREAKING LOW - VDKI
Press Release : World Hard Coal Market 2013: volumes possibly at record-breaking high, prices possibly at a record-breaking low. German and UK impor ...
Friday, 13 December 13
DRY BULK SHIPPING TO WITNESS HEALTHY DEMAND MOVING FORWARD - ICS
The Institute of Chartered Shipbrokers Greek Branch organised its 9th Annual Forum at Eugenides Foundation, on Wednesday, 11th of December, with a r ...
Friday, 13 December 13
US PRODUCED APPROXIMATELY 18.4 MILLION SHORT TONS OF COAL W/E 7 DECEMBER 2013
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.4 million short tons (mmst) of coal in ...
Thursday, 12 December 13
GREAT EXPECTATIONS SANCTIONED - EVA TZIMA
News that sanctions on Iranian oil exports could be lifted sometime in the following months have shaken the markets recently. One of the world&rsquo ...
Thursday, 12 December 13
DRY BULK MARKET RATES FOR CAPESIZES TO REMAIN VOLATILE SAYS BIMCO
The dry bulk market has reached multi year highs this week, as the BDI is standing at the 2,300-point mark. In its analysis of the market, BIMCO pre ...
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- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Planning Commission, India
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- The University of Queensland
- MS Steel International - UAE
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
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