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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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Monday, 12 October 09
INDONESIA TO CUT ROYALTIES TO BOOST LOW QUALITY COAL
Reuters reported that, Indonesia, the world's biggest exporter of thermal coal, plans to cut royalties paid by producers holding certain contracts ...
Monday, 12 October 09
SAMPUR COAL POWER PLANT AGREEMENT
Sunday Observer reported that, The construction work of the Sri Lanka-India joint venture coal power plant which costs US dollars 500 million will c ...
Saturday, 10 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - CAPT. REDDY
COALspot.com (Singapore): The BDI again firmed up this week by almost 14 pct to 2,695 points. The cape size index moved up quite sharply by 25 pct t ...
Saturday, 10 October 09
COAL PRICES TIPPED TO SURGE BY 40% AS GLOBAL DEMAND RECOVERS NEXT YEAR
Power-station coal prices may climb by more than 40 percent in 2010 from current levels as a global economic recovery boosts demand from power plant ...
Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel m ...
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- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Central Electricity Authority - India
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- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
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- Ceylon Electricity Board - Sri Lanka
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- Coal and Oil Company - UAE
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- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
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- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
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- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
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- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
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- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Planning Commission, India
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
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- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
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- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
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- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
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- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
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- LBH Netherlands Bv - Netherlands
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- Parliament of New Zealand
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- Cement Manufacturers Association - India
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- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
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- Georgia Ports Authority, United States
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- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
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- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
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- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
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- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
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- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- The University of Queensland
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- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
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