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Thursday, 26 April 12
ADK SHIPPED 28,000 TONNES OF COAL THIS MONTH
 COALspot.com - Orpheus Energy (ASX:OEG) has announced that four coal barges carrying a total of approximately 28,000 tonnes of ADK (Alam Duta Kalimantan) thermal coal have successfully been shipped out of the SSDK port and sold to an Indonesian trading group.
According to press release of the company, the coal has a typical South Kalimantan product specification of 5500-5300 Kcal/Kg (ADB), and is low in ash and sulphur. Coal quality assays are expected in the next fortnight and once received, final pricing will be agreed.
The SSDK port, located approximately 15km from the ADK coal mine, and some 10km down the coast from the PCMU (“Citra”) port, provides additional available capacity for Orpheus Energy coal exports.
Executive Chairman Wayne Mitchell said: “We are delighted that the Joint Venture has been able to progress so quickly into coal exports since we first announced Orpheus had secured a 50% equity interest in the ADK coal (Alam Duta Kalimantan) project, in March 2012. The SSDK port provides Orpheus with valuable extra capacity to increase our export tonnage, which we intend to aggressively pursue over the coming months”.
Source: Six Degrees Investor Relations
About Orpheus Energy Limited
Orpheus Energy Limited (“OEG”) is a coal company focusing on coal production and exploration in Indonesia. OEG also owns some Australian coal and industrial minerals projects. Orpheus has signed a strategic alliance with PT Mega Coal International (‘Mega’) which is an existing coal producer and exporter. Orpheus is on a fast track to growth, through increasing production at the recently acquired ADK project, moving its B26/34 projects into production, definitive exploration programmes at the Papua project and acquiring near term production assets.
About PT Mega Coal
PT Mega Coal is a privately-held coal mining company with an extensive local network and mining experience in Indonesia. OEG has an existing strategic alliance with PT Mega Coal, notably including its joint ventures for ADK, B26/B34 and Papua. The strategic alliance with PT Mega Coal enables the opportunity for continued additional coal concessions in Indonesia.
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Saturday, 04 February 12
SUPRAMAX DELIVERY SOUTH CHINA FOR TRIPS VIA INDONESIA WERE REPORTED AROUND $ 6,000 PER DAY - VISTAAR
COALspot.com - The markets continued to soften which dropped by almost 11 pct and BDI closing at 647 points.
The drop in BDI was mainly due to dr ...
Thursday, 02 February 12
NO RELIEF YET FOR DRY BULK SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although at the start of 2012 nobody can claim that the global seaborne trade has suddenly come to a halt, quite the contrary, it seems that the dry ...
Wednesday, 01 February 12
KRISHNAPATNAM PORT - GOING DEEP TO SOAR HIGH
COALspot.com - Krishnapatnam Port now rightfully claims as the deepest draft port in India, as it has started accepting vessels with maximum permiss ...
Wednesday, 01 February 12
IN JAMBI, MOST MINING COMPANIES LACK 'CLEAR-AND-CLEAN' PERMITS - JP
More than three-quarters of the 386 mining companies in Jambi lack “clear-and-clean” certifications from the government, according to an ...
Wednesday, 01 February 12
2% OF IBPS TOTAL CONCESSION AREA CONTAINS TOTAL COAL RESOURCE OF 56.1 MILLION TON
COALspot.com - PT. Britmindo, a mine consulting firm, has finalized PT. Insani Bara Perkasa (IBP) first JORC (Joint Ore Reserves Committee) res ...
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- The University of Queensland
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- White Energy Company Limited
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- Goldman Sachs - Singapore
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- Economic Council, Georgia
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- Australian Coal Association
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- Minerals Council of Australia
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- Wood Mackenzie - Singapore
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- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
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- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Energy Development Corp, Philippines
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- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
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- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
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- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
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- Ceylon Electricity Board - Sri Lanka
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- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Bhatia International Limited - India
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- Ministry of Finance - Indonesia
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