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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, 10 October 13
SEVERAL PANAMAX FIXTURES FOR 1 YEAR TC HAVE BEEN REPORTED AROUND $13.5K/DAY - FEARNRESEARCH
Handy
The market is not much fancy as several holidays in the Far East last week. Tonnage side seems tight in SE Asia but there are many of them in ...
Wednesday, 09 October 13
PANAMAX: FIRM ; FIXING ACTIVITY INCREASED IN BOTH BASINS - INTERMODAL
This was another week of gains for the Dry Bulk market, albeit very modest ones compared to the previous ones. Charterers and owners struggled for t ...
Tuesday, 08 October 13
CHINA: INTENSE COMPETITION AMONG DOMESTIC COAL MINERS AS 2013 IMPORT DEMAND REMAINS STRONG - WOOD MACKENZIE
Prices will not fall under RMB500/t or risk supply availability to the coastal market
Despite China's lower economic growth, Wood Mackenzie says ...
Monday, 07 October 13
RICHARD BAY COAL TERMINAL SHIPPED 49.94 MMT OF COAL YTD
COALspot.com - Richards Bay Coal Terminal (RBCT), the world's single largest coal terminal has shipped 49,946,509 mt of coals YTD, according to por ...
Monday, 07 October 13
SOUTH AFRICA'S RBCT SHIPPED 7.94% MORE COAL IN SEPT' 13
COALspot.com - Richards Bay Coal Terminal (RBCT), the single largest coal export terminal in South Africa as well as in the world has shipped 7.94 p ...
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- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
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- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
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- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
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- Neyveli Lignite Corporation Ltd, - India
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- The Treasury - Australian Government
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- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
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- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
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- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
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- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
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- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
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- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
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- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
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- AsiaOL BioFuels Corp., Philippines
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- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
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- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
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- McConnell Dowell - Australia
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