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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, 12 January 10
COAL PRICE FORECAST RAISED AT ANZ ON STRONGER CHINESE DEMAND
Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from Chin ...
Tuesday, 12 January 10
BUMIS SALE CONTRACT ONLY REACHED 35 PERCENT
PT Bumi Resources has only completed 35 percent if its coal sale contract this year. “More than 65 percent of our sale volume did not have a c ...
Monday, 11 January 10
THE MARKET IS LIKELY TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market for the first week of the year was quite active and the market especially in the Panamax and Supramax s ...
Monday, 11 January 10
CHINAS COAL EXPORT MAY DECLINE 50% IN 2009
Preliminary data released by China's General Administration of Customs (GAC) on Wednesday showed that China's coal export reached 2.05 million ton ...
Saturday, 09 January 10
THE FAR EAST MARKET STARTED TO STABILIZE - FEARNLEYS
Handy
The FEAST market started to stabilize after the quite holidays and we saw growing activity fed by Chinese coal and iron ore imports and Indi ...
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- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
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- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
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- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
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- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
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- Eastern Coal Council - USA
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- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- White Energy Company Limited
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- Jaiprakash Power Ventures ltd
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- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
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- Independent Power Producers Association of India
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- Eastern Energy - Thailand
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- Thiess Contractors Indonesia
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- Coalindo Energy - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
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- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
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- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Coal and Oil Company - UAE
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- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
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- PNOC Exploration Corporation - Philippines
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- Toyota Tsusho Corporation, Japan
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- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
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- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
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- Videocon Industries ltd - India
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- Australian Coal Association
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- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
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- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
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