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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, 09 July 09
COAL AND OIL GROUP TO INVEST $300 MN TO BUY SHIPS AND ACQUIRE COAL MINE
Coal & Oil Group is planning to invest around $300 million (around Rs 1,500 crore) to buy new ships and to acquire coal mines. The company is pl ...
Thursday, 09 July 09
NO TRADE ON AUSTRALIA'S ASX COAL FUTURES DEBUT
*ASX's deliverable thermal coal futures debut without trade
*ASX says futures could present new arbitrage opportunities
The debut of Australia ...
Wednesday, 08 July 09
GERMAN COAL PRODUCTION DECREASED BY 31% TO ROUND 3.4 MILLION TON IN 1Q 2009 - COAL IMPORTERS ASSOCIATION, HAMBURG
COALspot.com (Germany):
World Coal Market
According to analysis of VEREIN DER KOHLENIMPORTEURE E.V. , On a quantity basis the s ...
Wednesday, 08 July 09
HUADIAN POWER BUYS INTO COAL MINERS
Huadian Power International Corporation - China's largest independent power producerCannounced Tuesday in a filing to the Shanghai Stock Exchange ...
Tuesday, 07 July 09
RICHARDS BAY TERMINAL COAL EXPORTS ROSE 7.2% IN JUNE
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Export ...
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- Ministry of Finance - Indonesia
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- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
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- Bhatia International Limited - India
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
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- The State Trading Corporation of India Ltd
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- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
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- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
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- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
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- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
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- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
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- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
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- Bukit Makmur.PT - Indonesia
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- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
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- Wilmar Investment Holdings
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- SMC Global Power, Philippines
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
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- Directorate General of MIneral and Coal - Indonesia
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- London Commodity Brokers - England
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- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
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- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- The University of Queensland
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
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- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Power Finance Corporation Ltd., India
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- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Australian Coal Association
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- Indian Oil Corporation Limited
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- Heidelberg Cement - Germany
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- South Luzon Thermal Energy Corporation
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- Edison Trading Spa - Italy
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- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
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- Australian Commodity Traders Exchange
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- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
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- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
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- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
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- Romanian Commodities Exchange
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- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
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- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
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- Malabar Cements Ltd - India
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- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
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