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Thursday, 27 September 12
MINING RE-COMMENCES AT ORPHEUS' B2 EAST KALIMANTAN COAL PROJECT
 - B2 project overburden removal completed and coal exposed
- Coal getting has commenced with target production of 30,000tpm
- Orpheus to receive net $US8 per tonne on all coal sales, expected to be US$240,000 per month
- Orpheus not responsible for any capital, operating or marketing expenses
COALspot.com - Orpheus Energy (ASX:OEG) is pleased to advise that its Indonesian mining contractor PT Debbia Mining has successfully completed the removal of overburden and exposed coal at its 51% owned B2 project in East Kalimantan, Indonesia, according to a note released through Six Degrees Investor Relations today.
Coal production will now commence from the new pit, located in the central section of the tenement area, ramping up to 30,000tpm. Coal will be transported by truck to the nearby barge loading facility at Tampang Village, ~ 27 km away from the mine site, comany further said in its note.
Orpheus is not responsible for any capital, operating or coal marketing expenses under the life of mine arrangement with PT Debbia Mining. As previously announced on 2 July 2012, Orpheus will receive a royalty of net US$ 8 per tonne of coal sold, and at the expected production rate this will earn Orpheus US$ 240,000 per month.
The current JORC coal resource at the B2 project of 0.95 Mt indicated and 0.18Mt inferred will provide an initial mine life of approximately three years. The current mine plan allows for PT Debbia Mining to move to the adjacent B6 project (currently contains an exploration target of 1.5 Mt to 2.5 Mt and calorific value of 5,950 to 6,850 kcal/kg*) as B2 coal reserves are depleted.
Orpheus will also commence a JORC drilling program at its nearby B34 project (current exploration target of 5 - 10Mt and calorific value of 7,200 to 8,100 kcal/kg*), in October 2012, approximately 60 km west, which will delineate additional resources to continue mining in this area.
Executive Chairman, Wayne Mitchell said, “ We are very happy with our mining contractor’ s positive progress at B2. Once we reach our 30,000tpm target production rate, the company will be in a cash-flow positive situation, which gives us the flexibility to focus on rapidly developing our other near-term production projects. We look forward to reporting to our shareholders coal sales revenue milestones over the next few months.”
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Monday, 13 June 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 1.2 PERCENT IN JUNE
COALspot.com - The Ministry of Energy & Mineral Resources sets coal spot price benchmark for June 2011 at US$ 119.03 per ton, higher than US$ 1. ...
Sunday, 12 June 11
THE FREIGHT MARKET IS LIKELY TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - The freight market continued to soften this week except for Panamax index. The BDI was down by about 4.77 pct and closed at 1,418 poi ...
Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
Friday, 10 June 11
BUKIT ASAM RECORDED RP1.3 TRILLION PROFIT IN MAY - TEMPO INTERACTIVE
Tempo Interactive reported that, PT PT Tambang Batubara Bukit Asam Tbk (PTBA) made a net profit of Rp 1.3 trillion (approx. US$ 152,779,410) at the ...
Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
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- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- The University of Queensland
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- PTC India Limited - India
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Planning Commission, India
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
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