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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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Wednesday, 07 October 09
COAL INDIA, SHIPPING CORP MAY FORM VENTURE TO IMPORT COAL
The venture may be on the lines of the firm that CIL plans with SAIL for coal imports in which both to hold 25%
Live Mint reported that, State-ru ...
Tuesday, 06 October 09
ASIA COAL-PRICE REBOUND TOWARDS $71 ON TENDER ACTIVITY
Reuters reported that, Prices of power-station coal in Australia, a benchmark for Asia, rose 4 percent in the latest week to near $71 a tonne, bolst ...
Tuesday, 06 October 09
BHARATHI CEMENT TO ADD 2.5 MT CAPACITY BY 2010
Business-Standard reported that, Bharathi Cement Corporation (BCC) commenced its commercial operations from its Nallalingayapalli manufacturing plan ...
Tuesday, 06 October 09
MOZAMBIQUE TO BUILD COAL RAILWAY
BBC reported that, Mozambique's government has announced that it has secured $500m (£313m) to build a new railway line. The transport ministe ...
Tuesday, 06 October 09
COAL INDIA AIMS TO BUY MINE ABROAD BY MARCH
*Coal India to issue its first coal import tender by Nov
*ArcelorMittal, 9 others in race to develop abandoned mines
*52 firms keen to partner coa ...
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- Bhoruka Overseas - Indonesia
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- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
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- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
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- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
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- Ministry of Mines - Canada
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- Interocean Group of Companies - India
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- Larsen & Toubro Limited - India
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- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
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- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
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- Aboitiz Power Corporation - Philippines
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- The State Trading Corporation of India Ltd
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- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
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- TNB Fuel Sdn Bhd - Malaysia
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- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
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- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
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- Timah Investasi Mineral - Indoneisa
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- Eastern Energy - Thailand
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
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- Renaissance Capital - South Africa
- Bhatia International Limited - India
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- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- MS Steel International - UAE
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- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
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- Port Waratah Coal Services - Australia
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- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
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- Cigading International Bulk Terminal - Indonesia
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- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- PTC India Limited - India
- The University of Queensland
- Attock Cement Pakistan Limited
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- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Planning Commission, India
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- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
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- Deloitte Consulting - India
- ICICI Bank Limited - India
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- Economic Council, Georgia
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- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
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