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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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Tuesday, 15 October 13
CHINA COAL IMPORTS TO KEEP GROWING IN THE YEARS TO COME, ALBEIT AT A SLOWER RATE - EVA TZIMA / NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest monthly report, shipbroker Intermodal highlighted the growing role of coal in the energy mix. According to Intermodal's research anal ...
Tuesday, 15 October 13
NEWCASTLE PORT SHIPPED 6.50% MORE COAL W-O-W
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 6.50 per cent week on week to 3.19 million mt for ...
Monday, 14 October 13
MEMR OF INDONESIA SETS THE COAL'S SPOT PRICE AT US$ 76.61 FOR OCT'13 DELIVERY
COALspot. com - The Indonesian government has revised down government declared coal bench mark price by US$ 0.28/ MT to US$ 76.61 for October 2013 d ...
Monday, 14 October 13
CARBON POLICIES UNLIKELY TO PREVENT A COAL-FUELLED WORLD - WOOD MACKENZIE
China will propel coal growth but US, Europe and Asia will sustain global demand.
At the World Energy Congress (WEC) today Wood Mackenzie's Pres ...
Sunday, 13 October 13
Q4'13 DELIVERY SUB-BIT INDO COAL SWAP FALLS SEVEN STRAIGHT WEEK
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery fell 1.72 percept month on month on Friday 11 October 201 ...
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Showing 4066 to 4070 news of total 6871 |
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- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
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