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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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Thursday, 30 July 09
PNOC FORGES JOINT VENTURES AS STEPS UP COAL OPERATIONS
The Philippine National Oil Co.-Exploration Corp. has entered joint venture agreements with food and beverage conglomerate San Miguel and Filipinas ...
Thursday, 30 July 09
NAMANE OF SOUTH AFRICA IN SUDAN COAL DEAL, BUSINESS REPORT SAYS
Namane of South Africa in Sudan Coal Deal, Business Report Says
Namane Resources Ltd. of South Africa signed a coal-supply agreement with the Nat ...
Wednesday, 29 July 09
RP COAL DEMAND TO SURGE BY 2014 - PHILIPPINES UPDATE
CEBU, Philippines - With the entry of new coal-fired power generation plants in the Philippines, the Department of Energy (DOE) projected an increas ...
Wednesday, 29 July 09
INDIA HUNGRY FOR OUR COKING COAL ASSETS
The Australian reported that, INDIA is about to embark on a program of rapid coal sector acquisitions in Australia as it looks to plug a huge annual ...
Tuesday, 28 July 09
SHENZHEN ENERGY INKS COAL PURCHASE CONTRACT WITH CHINA SHENHUA
China Knowledge reported that, Shenzhen Energy Group Co Ltd has signed a five-year contract with China Shenhua Energy Co Ltd, which is engaged in th ...
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- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
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- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- The University of Queensland
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- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
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- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Central Java Power - Indonesia
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
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