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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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Thursday, 05 December 13
PANAMAX : THE FIRM TENDENCY CONTINUES - FEARNRESEARCH
Handy
It has been an active week for the Supramax and Handysize segment. USG is almost boiling and charterers looking to cover their December stems ...
Wednesday, 04 December 13
INDONESIAN COAL EXPORTS VOLUME AND REVENUE IN OCTOBER MARCHED TOWARDS NORTH
COALspot.com: Indonesia, the world's 4th largest coal producer and the largest multi grade coal exporter shipped over $1.76* billion worth of ...
Wednesday, 04 December 13
WEST AUSTRALIA IRON ORE FIXTURES ALSO CONTINUING TO PROVIDE A STEADY FLOW OF BUSINESS FOR CAPES - INTERMODAL
The Dry Bulk market has reversed course this past week, bringing back some of the lost excitement of the past month, as all size segments climbed hi ...
Wednesday, 04 December 13
THE BUYERS' DEMAND IS CONTINUOUSLY BULLISH - KONSTANTINOS KONTOMICHIS
The very low rates that prevailed for the bigger part of 2013 seem to have prepared the ground for buying opportunities for shipping investors. The ...
Wednesday, 04 December 13
SGX AND CFA TO COLLABORATE TO DEVELOP DERIVATIVES MARKETS IN CHINA AND SINGAPORE
Singapore Exchange (SGX) and the China Futures Association (CFA) are cooperating in the development of derivatives markets in China and Singapore.
...
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- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- London Commodity Brokers - England
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