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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, 20 October 09
COAL PRICES TO SURGE IN 2010 DESPITE AMPLE SUPPLY
Commodity Online reported that, Coal prices are indeed destined to go higher as they follow the rise of ‘coal currencies’ such as Austra ...
Tuesday, 20 October 09
INDIA MAY CUT STAKE IN NTPC BY DECEMBER, POWER SECRETARY SAYS
Bloomberg reported that, India’s government may sell a 5 percent stake in NTPC Ltd., the country’s biggest power producer, as early as D ...
Monday, 19 October 09
COAL PRICE UP AGAIN - RICHARDS BAY TERMINAL
Export prices rose 45 cents, or 0.7%, to an average of 64.05 a metric ton in the week ended Oct. 16, according to McCloskey Group.
The week was & ...
Monday, 19 October 09
COAL MINISTRY SEEKS EXPLANATION FROM AP GENCO
The Hindu Business reported that, the Coal Ministry has asked the Power Generation Corporation of Andhra Pradesh (AP Genco) to explain why there was ...
Monday, 19 October 09
CEMENT UNLIKELY TO COST MORE DESPITE COAL PRICE HIKE
Business-Standard reported that, Cement manufacturers will not immediately hike prices of the construction material, despite a surge in their input ...
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- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
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- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- PTC India Limited - India
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
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- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- London Commodity Brokers - England
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