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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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Tuesday, 08 February 11
BAYAN, KANGAROO EXTEND DUE DILIGENCE
Coal miner controlled by businessman Dato' Low Tuck Kwong PT Bayan Resources Tbk (BYAN) and Australia-listed coal company Kangaroo Resources Limite ...
Tuesday, 08 February 11
DRY BULK: IS THE TIDE TURNING? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what could be perceived as a change of market sentiment for the better, the dry bulk industry’s benchmark, the Baltic Dry Index (BDI) poste ...
Monday, 07 February 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 13.03 PERCENT IN FEBRUARY 2011
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the February 2011 Indonesian Coal Reference Price for therma ...
Monday, 07 February 11
COAL PRICES ON RISE: DEMAND FROM INDIA AND CHINA - ANALYZED SUNIL K KUMBHAT
INDONESIA IS HEART OF ASIAN COAL BOOM
COALspot.com - Rising demand of Coal from India and China, coupled with global financial recovery, is driv ...
Monday, 07 February 11
RICHARDS BAY COAL TERMINAL EXPORTS SURGE, BUOYED BY ECONOMIC DEVELOPMENT IN CHINA AND INDIA
COALspot.com - Richards Bay Coal Terminal (RBCT) announced today that 2010 exports have exceeded the last two years’ performance, said in a re ...
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- Singapore Mercantile Exchange
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- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
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- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
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- Bangladesh Power Developement Board
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- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
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- Parliament of New Zealand
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- White Energy Company Limited
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- Bukit Makmur.PT - Indonesia
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- Mintek Dendrill Indonesia
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- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
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- Kalimantan Lumbung Energi - Indonesia
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- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
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- Agrawal Coal Company - India
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- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
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- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- MS Steel International - UAE
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
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- The University of Queensland
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- Merrill Lynch Commodities Europe
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- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
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- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
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- Chamber of Mines of South Africa
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- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
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- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
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- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
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