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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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Friday, 26 November 10
INDIA WILL IMPORT 100 MLN TONS OF COAL BY 2012 - LAKSHMINARAYANA
COALspot.com – “India’s coal shortfall will reach 100 million mt by 2011-12”, said Lakshminarayana, Vice Preside ...
Friday, 26 November 10
CHINAS COAL INVENTORY STAYS HIGH FOR 22 MONTHS AT 220 MLN T, ASSOCIATION
Xinhua News Agency reported that, China’s coal inventory has stayed high and unchanged for 22 months to be around 220 million tonnes, reflecti ...
Friday, 26 November 10
DR WOLFGANG CIESLIK TO HEAD GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com – (Press Release): The Management Board of the German Coal Importers Association (Verein der Kohlenimporteure e.V.) has elected D ...
Thursday, 25 November 10
ANALYSIS: COAL SECTOR: VALUE EMERGENCE - THE JAKARTA POST
Coal demand will remain firm due to a build-up of coal-fired power plants in India, China and Indonesia. As a result, we have upgraded our coal pric ...
Thursday, 25 November 10
INDONESIAN ROUNDS ARE ACHIEVING IN THE LOW 10S, OWNERS ARE NOT KEEN FOR TRIPS TO INDIA - FEARNBULK
HANDY
Uneventful week - Supra/Panamax stems ex USG to China/Korea/Japan are the main focus + grains ex. Argentina. The Atlantic market activity re ...
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- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
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