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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, 04 December 09
JSW ENERGY TO BUY OUT PARENT FIRM'S COAL BLOCK
JSW Energy plans to buy the stake held by JSW Steel in a thermal coal block in Mozambique in an attempt to become an integrated energy company with ...
Thursday, 03 December 09
JAPAN 2010 COAL IMPORTS SEEN FLAT, INDIA'S ROBUST - INDUSTRY
* Japan's demand seen steady in 2010 at 110 mln tonnes
* India's demand seen as robust, at 70 mln tonnes
Reuters reported that, Thermal coal i ...
Thursday, 03 December 09
INDONESIA MAY ALLOW COAL SALES BELOW GOVT PRICE
Reuters reported that, Indonesia is considering giving producers some flexibility to sell coal below the government's monthly benchmark price to co ...
Thursday, 03 December 09
INDONESIA SEEKS TO INCREASE COAL SHIPMENTS TO INDIA, CHINA
Bloomberg reproted that, Indonesia, Asia’s biggest coal exporter, seeks to increase shipments to India and China as the economies improve and ...
Thursday, 03 December 09
COAL INDIA IPO LIKELY TO HIT MARKETS BY NOVEMBER 2010
Soon investors will get to own a slice of India's largest coal mining company. Coal India its initial public offering will hit markets in November ...
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- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- The University of Queensland
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Parliament of New Zealand
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- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- White Energy Company Limited
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
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