COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.”  



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 04 January 11
DRY BULK MARKET TO RANGE BETWEEN 1,700 AND 2,600 POINTS IN THE FIRST QUARTER OF 2011, ANALYSTS SAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As we entered 2011, ship owners and analysts, as well as shipbrokers are looking into their “crystal balls” to try to decode the dry bul ...


Monday, 03 January 11
TAXATION FOR COAL MINING COMPANIES IN INDONESIA - A TAX EXPERTS VIEW
COALspot.com - Mrs. Sri Wahyuni Sujono, managing partner of SF Consulting has wrote an exclusive report regarding taxation for coal mining companies ...


Sunday, 02 January 11
JAISWAL TO SEEK COAL MINES IN AFRICA - HINDUSTAN TIMES
Coal Minister Sriprakash Jaiswal will talk with his counterparts in South Africa and Mozambique during his visit from January 5 to secure coal asset ...


Saturday, 01 January 11
COAL PRODUCTION EXPECTED TO EXCEED 340 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce 340 million tons of coal in 2011, an increase of 23 percent from 275 millio ...


Friday, 31 December 10
STC TO FINALIZE 12 MILLION MT OF COAL IMPORT CONTRACT TO TWO INDIAN AND A DUBAI BASED COAL TRADER - SOURCES
COALspot.com - World's single largest coal import tender floated by STC on behalf of state utility NTPC to finalize its suppliers or already finali ...


   1090 1091 1092 1093 1094   
Showing 5456 to 5460 news of total 6871
News by Category
Popular News
 
Total Members : 28,697
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • GAC Shipping (India) Pvt Ltd
  • APGENCO India
  • Siam City Cement PLC, Thailand
  • Coeclerici Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Baramulti Group, Indonesia
  • Ministry of Transport, Egypt
  • LBH Netherlands Bv - Netherlands
  • Gupta Coal India Ltd
  • Agrawal Coal Company - India
  • Coaltrans Conferences
  • SMG Consultants - Indonesia
  • Planning Commission, India
  • Tamil Nadu electricity Board
  • ACC Limited - India
  • Leighton Contractors Pty Ltd - Australia
  • Manunggal Multi Energi - Indonesia
  • Arch Coal - USA
  • Straits Asia Resources Limited - Singapore
  • Rio Tinto Coal - Australia
  • Attock Cement Pakistan Limited
  • Karbindo Abesyapradhi - Indoneisa
  • Sindya Power Generating Company Private Ltd
  • Eastern Coal Council - USA
  • Therma Luzon, Inc, Philippines
  • Orica Mining Services - Indonesia
  • Noble Europe Ltd - UK
  • Borneo Indobara - Indonesia
  • Platts
  • Videocon Industries ltd - India
  • Bank of America
  • Gujarat Electricity Regulatory Commission - India
  • Antam Resourcindo - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Metalloyd Limited - United Kingdom
  • Fearnleys - India
  • CCIC - Indonesia
  • Standard Chartered Bank - UAE
  • PNOC Exploration Corporation - Philippines
  • Aditya Birla Group - India
  • EIA - United States
  • Jatenergy - Australia
  • Maybank - Singapore
  • Core Mineral Indonesia
  • Moodys - Singapore
  • Sinarmas Energy and Mining - Indonesia
  • London Commodity Brokers - England
  • Indogreen Group - Indonesia
  • Renaissance Capital - South Africa
  • Mintek Dendrill Indonesia
  • Chamber of Mines of South Africa
  • Indo Tambangraya Megah - Indonesia
  • Salva Resources Pvt Ltd - India
  • KOWEPO - South Korea
  • International Coal Ventures Pvt Ltd - India
  • Power Finance Corporation Ltd., India
  • Kobe Steel Ltd - Japan
  • Deloitte Consulting - India
  • RBS Sempra - UK
  • Argus Media - Singapore
  • SMC Global Power, Philippines
  • Thomson Reuters GRC
  • GB Group - China
  • Surastha Cement
  • Petrochimia International Co. Ltd.- Taiwan
  • Central Java Power - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Indian Energy Exchange, India
  • South Luzon Thermal Energy Corporation
  • Coastal Gujarat Power Limited - India
  • Semirara Mining and Power Corporation, Philippines
  • Merrill Lynch Bank
  • Altura Mining Limited, Indonesia
  • Minerals Council of Australia
  • Jaiprakash Power Ventures ltd
  • Global Coal Blending Company Limited - Australia
  • globalCOAL - UK
  • BRS Brokers - Singapore
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • ASAPP Information Group - India
  • Intertek Mineral Services - Indonesia
  • Sojitz Corporation - Japan
  • Grasim Industreis Ltd - India
  • ANZ Bank - Australia
  • Indika Energy - Indonesia
  • Thailand Anthracite
  • Petron Corporation, Philippines
  • UBS Singapore
  • TANGEDCO India
  • Vizag Seaport Private Limited - India
  • Total Coal South Africa
  • PTC India Limited - India
  • Vitol - Bahrain
  • Romanian Commodities Exchange
  • San Jose City I Power Corp, Philippines
  • Kobexindo Tractors - Indoneisa
  • Xstrata Coal
  • Holcim Trading Pte Ltd - Singapore
  • Bangladesh Power Developement Board
  • PetroVietnam Power Coal Import and Supply Company
  • IBC Asia (S) Pte Ltd
  • Thai Mozambique Logistica
  • TeaM Sual Corporation - Philippines
  • Peabody Energy - USA
  • MEC Coal - Indonesia
  • PLN Batubara - Indonesia
  • Interocean Group of Companies - India
  • Electricity Authority, New Zealand
  • New Zealand Coal & Carbon
  • World Bank
  • Barasentosa Lestari - Indonesia
  • Inspectorate - India
  • SASOL - South Africa
  • Larsen & Toubro Limited - India
  • Bank of China, Malaysia
  • Jorong Barutama Greston.PT - Indonesia
  • Energy Link Ltd, New Zealand
  • KPMG - USA
  • Sarangani Energy Corporation, Philippines
  • Cigading International Bulk Terminal - Indonesia
  • KPCL - India
  • Cebu Energy, Philippines
  • Alfred C Toepfer International GmbH - Germany
  • The State Trading Corporation of India Ltd
  • Dalmia Cement Bharat India
  • SRK Consulting
  • Banpu Public Company Limited - Thailand
  • Economic Council, Georgia
  • NTPC Limited - India
  • IHS Mccloskey Coal Group - USA
  • PetroVietnam
  • Ernst & Young Pvt. Ltd.
  • Lafarge - France
  • BNP Paribas - Singapore
  • Maruti Cements - India
  • Japan Coal Energy Center
  • Maharashtra Electricity Regulatory Commission - India
  • TGV SRAAC LIMITED, India
  • Indian School of Mines
  • Russian Coal LLC
  • Kumho Petrochemical, South Korea
  • European Bulk Services B.V. - Netherlands
  • Mechel - Russia
  • Independent Power Producers Association of India
  • Arutmin Indonesia
  • Commonwealth Bank - Australia
  • Timah Investasi Mineral - Indoneisa
  • Goldman Sachs - Singapore
  • Chettinad Cement Corporation Ltd - India
  • Samsung - South Korea
  • TNB Fuel Sdn Bhd - Malaysia
  • Mercator Lines Limited - India
  • Miang Besar Coal Terminal - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Globalindo Alam Lestari - Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • Tanito Harum - Indonesia
  • Indonesian Coal Mining Association
  • DBS Bank - Singapore
  • Maheswari Brothers Coal Limited - India
  • Karaikal Port Pvt Ltd - India
  • Asmin Koalindo Tuhup - Indonesia
  • Cosco
  • Africa Commodities Group - South Africa
  • Oldendorff Carriers - Singapore
  • Clarksons - UK
  • Meenaskhi Energy Private Limited - India
  • CoalTek, United States
  • Adani Power Ltd - India
  • Bhoruka Overseas - Indonesia
  • IEA Clean Coal Centre - UK
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Central Electricity Authority - India
  • Petrosea - Indonesia
  • Britmindo - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Uttam Galva Steels Limited - India
  • CIMB Investment Bank - Malaysia
  • Meralco Power Generation, Philippines
  • Deutsche Bank - India
  • Vedanta Resources Plc - India
  • Indorama - Singapore
  • Bayan Resources Tbk. - Indonesia
  • SGS (Thailand) Limited
  • Malabar Cements Ltd - India
  • KEPCO - South Korea
  • Australian Coal Association
  • Bharathi Cement Corporation - India
  • Cardiff University - UK
  • Qatrana Cement - Jordan
  • Sree Jayajothi Cements Limited - India
  • Billiton Holdings Pty Ltd - Australia
  • Siam City Cement - Thailand
  • Formosa Plastics Group - Taiwan
  • Maersk Broker
  • UOB Asia (HK) Ltd
  • GHCL Limited - India
  • Directorate Of Revenue Intelligence - India
  • PowerSource Philippines DevCo
  • Sakthi Sugars Limited - India
  • Makarim & Taira - Indonesia
  • Singapore Mercantile Exchange
  • Wilmar Investment Holdings
  • Orica Australia Pty. Ltd.
  • Iligan Light & Power Inc, Philippines
  • Rudhra Energy - India
  • Mercuria Energy - Indonesia
  • Port Waratah Coal Services - Australia
  • Sucofindo - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Kideco Jaya Agung - Indonesia
  • GMR Energy Limited - India
  • Humpuss - Indonesia
  • Reliance Power - India
  • CESC Limited - India
  • Price Waterhouse Coopers - Russia
  • The Treasury - Australian Government
  • Carbofer General Trading SA - India
  • Heidelberg Cement - Germany
  • Berau Coal - Indonesia
  • WorleyParsons
  • JPMorgan - India
  • Marubeni Corporation - India
  • Shree Cement - India
  • Credit Suisse - India
  • Semirara Mining Corp, Philippines
  • Energy Development Corp, Philippines
  • Parliament of New Zealand
  • GNFC Limited - India
  • Merrill Lynch Commodities Europe
  • Directorate General of MIneral and Coal - Indonesia
  • Coal India Limited
  • Posco Energy - South Korea
  • Mitsubishi Corporation
  • GN Power Mariveles Coal Plant, Philippines
  • Ambuja Cements Ltd - India
  • Mjunction Services Limited - India
  • Bukit Baiduri Energy - Indonesia
  • White Energy Company Limited
  • Tata Chemicals Ltd - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • PLN - Indonesia
  • IOL Indonesia
  • Anglo American - United Kingdom
  • World Coal - UK
  • Vijayanagar Sugar Pvt Ltd - India
  • EMO - The Netherlands
  • McKinsey & Co - India
  • Electricity Generating Authority of Thailand
  • J M Baxi & Co - India
  • Krishnapatnam Port Company Ltd. - India
  • ETA - Dubai
  • JPower - Japan
  • Bukit Makmur.PT - Indonesia
  • Asian Development Bank
  • The University of Queensland
  • Indonesia Power. PT
  • Idemitsu - Japan
  • Adaro Indonesia
  • bp singapore
  • Barclays Capital - USA
  • Rashtriya Ispat Nigam Limited - India
  • Platou - Singapore
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Bulk Trading Sa - Switzerland
  • Essar Steel Hazira Ltd - India
  • Coalindo Energy - Indonesia
  • ICICI Bank Limited - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Panama Canal Authority
  • OCBC - Singapore
  • Trasteel International SA, Italy
  • Samtan Co., Ltd - South Korea
  • Parry Sugars Refinery, India
  • Tata Power - India
  • Gujarat Sidhee Cement - India
  • Gresik Semen - Indonesia
  • Cement Manufacturers Association - India
  • ING Bank NV - Singapore
  • Ministry of Finance - Indonesia
  • Thriveni
  • Latin American Coal - Colombia
  • Shenhua Group - China
  • Edison Trading Spa - Italy
  • Kapuas Tunggal Persada - Indonesia
  • Enel Italy
  • Runge Indonesia
  • Madhucon Powers Ltd - India
  • Asia Cement - Taiwan
  • Eastern Energy - Thailand
  • Cemex - Philippines
  • Global Business Power Corporation, Philippines
  • TRAFIGURA, South Korea
  • Wood Mackenzie - Singapore
  • Kohat Cement Company Ltd. - Pakistan
  • Aboitiz Power Corporation - Philippines
  • Binh Thuan Hamico - Vietnam
  • Ince & co LLP
  • Mitsui
  • Bhatia International Limited - India
  • U S Energy Resources
  • Coal Orbis AG
  • Ceylon Electricity Board - Sri Lanka
  • Permata Bank - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Ind-Barath Power Infra Limited - India
  • Coal and Oil Company - UAE
  • SUEK AG - Indonesia
  • CNBM International Corporation - China
  • Geoservices-GeoAssay Lab
  • MS Steel International - UAE
  • Bukit Asam (Persero) Tbk - Indonesia
  • GVK Power & Infra Limited - India
  • Inco-Indonesia
  • Australian Commodity Traders Exchange
  • Medco Energi Mining Internasional
  • AsiaOL BioFuels Corp., Philippines
  • Star Paper Mills Limited - India
  • Ministry of Mines - Canada
  • Gujarat Mineral Development Corp Ltd - India
  • Georgia Ports Authority, United States
  • Riau Bara Harum - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • IMC Shipping - Singapore
  • HSBC - Hong Kong
  • The India Cements Ltd
  • McConnell Dowell - Australia
  • Bangkok Bank PCL
  • Lanco Infratech Ltd - India
  • Thiess Contractors Indonesia
  • VISA Power Limited - India
  • Pinang Coal Indonesia
  • TNPL - India
  • Malco - India
  • Cargill India Pvt Ltd
  • Sical Logistics Limited - India
  • Freeport Indonesia
  • Vale Mozambique
  • Thermax Limited - India
  • Savvy Resources Ltd - HongKong
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Infraline Energy - India
  • Glencore India Pvt. Ltd
  • Jindal Steel & Power Ltd - India
  • Simpson Spence & Young - Indonesia
  • NALCO India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Bhushan Steel Limited - India
  • Indian Oil Corporation Limited
  • Toyota Tsusho Corporation, Japan
  • Mitra SK Pvt Ltd - India
  • India Bulls Power Limited - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Xindia Steels Limited - India