COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.”  



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 16 June 09
INDIAN MINING WORKER ARRESTED IN BENGKULU
Forestry officials in Bengkulu Province, Sumatra, arrested one Indian national and two Indonesians on Sunday for unauthorized exploration in the ele ...


Tuesday, 16 June 09
INDIAN GOVERNMENT MAY ALLOW PRIVATE COMPANIES TO MINE COAL
The government is “strongly considering” to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, ...


Monday, 15 June 09
SAFRICA'S COAL TERMINAL EXPANSION DELAYED TO Q4
South Africa's Richards Bay Coal Terminal (RBCT) said on Monday the completion of a project to expand the export facility had been delayed to the f ...


Monday, 15 June 09
SHENHUA DENIES GIVING GROUND ON EXPORT COAL PRICE - REUTERS
China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers fo ...


Monday, 15 June 09
POWER PLANT SUFFERS FROM COAL CRISIS - THE STATESMAN
The 3,000 mw NTPC-Kaniha power plant, the second biggest in the country, is facing an unprecedented coal crisis with stocks dipping to a low of only ...


   1335 1336 1337 1338 1339   
Showing 6681 to 6685 news of total 6871
News by Category
Popular News
 
Total Members : 28,699
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • New Zealand Coal & Carbon
  • Panama Canal Authority
  • Thiess Contractors Indonesia
  • Indian Energy Exchange, India
  • Bharathi Cement Corporation - India
  • Lafarge - France
  • Asia Cement - Taiwan
  • Thailand Anthracite
  • Deutsche Bank - India
  • Siam City Cement PLC, Thailand
  • Romanian Commodities Exchange
  • Petrosea - Indonesia
  • Bukit Baiduri Energy - Indonesia
  • CCIC - Indonesia
  • Kobe Steel Ltd - Japan
  • Tata Power - India
  • Coastal Gujarat Power Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Videocon Industries ltd - India
  • McConnell Dowell - Australia
  • Bank of China, Malaysia
  • Maersk Broker
  • South Luzon Thermal Energy Corporation
  • World Bank
  • Iligan Light & Power Inc, Philippines
  • Dalmia Cement Bharat India
  • Coaltrans Conferences
  • Asian Development Bank
  • ING Bank NV - Singapore
  • PetroVietnam Power Coal Import and Supply Company
  • Bhushan Steel Limited - India
  • Merrill Lynch Bank
  • Ind-Barath Power Infra Limited - India
  • The India Cements Ltd
  • PetroVietnam
  • Global Business Power Corporation, Philippines
  • KEPCO - South Korea
  • World Coal - UK
  • Bukit Makmur.PT - Indonesia
  • India Bulls Power Limited - India
  • Samtan Co., Ltd - South Korea
  • Indonesia Power. PT
  • Vedanta Resources Plc - India
  • Bayan Resources Tbk. - Indonesia
  • Vizag Seaport Private Limited - India
  • Latin American Coal - Colombia
  • Total Coal South Africa
  • MEC Coal - Indonesia
  • Maybank - Singapore
  • Britmindo - Indonesia
  • Formosa Plastics Group - Taiwan
  • Kapuas Tunggal Persada - Indonesia
  • Surastha Cement
  • Manunggal Multi Energi - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Electricity Authority, New Zealand
  • LBH Netherlands Bv - Netherlands
  • Ince & co LLP
  • KPCL - India
  • Kohat Cement Company Ltd. - Pakistan
  • Banpu Public Company Limited - Thailand
  • Fearnleys - India
  • Holcim Trading Pte Ltd - Singapore
  • Madhucon Powers Ltd - India
  • ETA - Dubai
  • Mjunction Services Limited - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Energy Link Ltd, New Zealand
  • Trasteel International SA, Italy
  • Semirara Mining Corp, Philippines
  • Billiton Holdings Pty Ltd - Australia
  • Leighton Contractors Pty Ltd - Australia
  • Minerals Council of Australia
  • Qatrana Cement - Jordan
  • Parliament of New Zealand
  • Larsen & Toubro Limited - India
  • Indonesian Coal Mining Association
  • Malabar Cements Ltd - India
  • ANZ Bank - Australia
  • Coal India Limited
  • PTC India Limited - India
  • Anglo American - United Kingdom
  • Tamil Nadu electricity Board
  • Neyveli Lignite Corporation Ltd, - India
  • Cosco
  • Makarim & Taira - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • McKinsey & Co - India
  • Oldendorff Carriers - Singapore
  • Semirara Mining and Power Corporation, Philippines
  • Grasim Industreis Ltd - India
  • Therma Luzon, Inc, Philippines
  • Indo Tambangraya Megah - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • NTPC Limited - India
  • ASAPP Information Group - India
  • Savvy Resources Ltd - HongKong
  • PNOC Exploration Corporation - Philippines
  • Metalloyd Limited - United Kingdom
  • Star Paper Mills Limited - India
  • Permata Bank - Indonesia
  • Mintek Dendrill Indonesia
  • Ambuja Cements Ltd - India
  • Inco-Indonesia
  • Bank of America
  • IOL Indonesia
  • RBS Sempra - UK
  • Ministry of Transport, Egypt
  • Bangkok Bank PCL
  • Infraline Energy - India
  • Interocean Group of Companies - India
  • Humpuss - Indonesia
  • DBS Bank - Singapore
  • globalCOAL - UK
  • Indian School of Mines
  • Sojitz Corporation - Japan
  • Vale Mozambique
  • Economic Council, Georgia
  • Credit Suisse - India
  • Cement Manufacturers Association - India
  • Geoservices-GeoAssay Lab
  • TGV SRAAC LIMITED, India
  • Thomson Reuters GRC
  • IMC Shipping - Singapore
  • Renaissance Capital - South Africa
  • Edison Trading Spa - Italy
  • Jorong Barutama Greston.PT - Indonesia
  • Thermax Limited - India
  • Adaro Indonesia
  • SRK Consulting
  • Indorama - Singapore
  • Malco - India
  • Platou - Singapore
  • Karaikal Port Pvt Ltd - India
  • Global Coal Blending Company Limited - Australia
  • Central Electricity Authority - India
  • Coalindo Energy - Indonesia
  • Shenhua Group - China
  • Kobexindo Tractors - Indoneisa
  • TeaM Sual Corporation - Philippines
  • White Energy Company Limited
  • Arch Coal - USA
  • Singapore Mercantile Exchange
  • Deloitte Consulting - India
  • Bahari Cakrawala Sebuku - Indonesia
  • U S Energy Resources
  • Eastern Energy - Thailand
  • Georgia Ports Authority, United States
  • GMR Energy Limited - India
  • Altura Mining Limited, Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Siam City Cement - Thailand
  • Mechel - Russia
  • Karbindo Abesyapradhi - Indoneisa
  • Pinang Coal Indonesia
  • Mitsui
  • GAC Shipping (India) Pvt Ltd
  • Agrawal Coal Company - India
  • Kepco SPC Power Corporation, Philippines
  • Indika Energy - Indonesia
  • Ministry of Finance - Indonesia
  • Cardiff University - UK
  • Gresik Semen - Indonesia
  • Runge Indonesia
  • Commonwealth Bank - Australia
  • GVK Power & Infra Limited - India
  • ICICI Bank Limited - India
  • Directorate General of MIneral and Coal - Indonesia
  • Xindia Steels Limited - India
  • Global Green Power PLC Corporation, Philippines
  • Port Waratah Coal Services - Australia
  • Globalindo Alam Lestari - Indonesia
  • Kaltim Prima Coal - Indonesia
  • CESC Limited - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Independent Power Producers Association of India
  • Berau Coal - Indonesia
  • IEA Clean Coal Centre - UK
  • Borneo Indobara - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Sucofindo - Indonesia
  • Rio Tinto Coal - Australia
  • Jatenergy - Australia
  • Orica Australia Pty. Ltd.
  • Parry Sugars Refinery, India
  • Barclays Capital - USA
  • Mitsubishi Corporation
  • Coeclerici Indonesia
  • PLN Batubara - Indonesia
  • Enel Italy
  • Sinarmas Energy and Mining - Indonesia
  • Glencore India Pvt. Ltd
  • Price Waterhouse Coopers - Russia
  • Mercator Lines Limited - India
  • Aditya Birla Group - India
  • Maharashtra Electricity Regulatory Commission - India
  • Australian Coal Association
  • London Commodity Brokers - England
  • Marubeni Corporation - India
  • Ernst & Young Pvt. Ltd.
  • Uttam Galva Steels Limited - India
  • Timah Investasi Mineral - Indoneisa
  • CoalTek, United States
  • Cemex - Philippines
  • BNP Paribas - Singapore
  • Jaiprakash Power Ventures ltd
  • JPMorgan - India
  • Ministry of Mines - Canada
  • CIMB Investment Bank - Malaysia
  • Carbofer General Trading SA - India
  • HSBC - Hong Kong
  • Petrochimia International Co. Ltd.- Taiwan
  • Asmin Koalindo Tuhup - Indonesia
  • Kumho Petrochemical, South Korea
  • Coal Orbis AG
  • Medco Energi Mining Internasional
  • Australian Commodity Traders Exchange
  • SMG Consultants - Indonesia
  • Bhatia International Limited - India
  • Africa Commodities Group - South Africa
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • GNFC Limited - India
  • Xstrata Coal
  • WorleyParsons
  • Reliance Power - India
  • EIA - United States
  • Tata Chemicals Ltd - India
  • Russian Coal LLC
  • Cebu Energy, Philippines
  • Sical Logistics Limited - India
  • Toyota Tsusho Corporation, Japan
  • PowerSource Philippines DevCo
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Idemitsu - Japan
  • PLN - Indonesia
  • Argus Media - Singapore
  • Lanco Infratech Ltd - India
  • Indogreen Group - Indonesia
  • Cargill India Pvt Ltd
  • Bangladesh Power Developement Board
  • Orica Mining Services - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Thai Mozambique Logistica
  • GN Power Mariveles Coal Plant, Philippines
  • KPMG - USA
  • Pendopo Energi Batubara - Indonesia
  • Essar Steel Hazira Ltd - India
  • APGENCO India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Gujarat Sidhee Cement - India
  • The Treasury - Australian Government
  • Arutmin Indonesia
  • Core Mineral Indonesia
  • Antam Resourcindo - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Sarangani Energy Corporation, Philippines
  • TNB Fuel Sdn Bhd - Malaysia
  • Gupta Coal India Ltd
  • TANGEDCO India
  • Power Finance Corporation Ltd., India
  • Clarksons - UK
  • Maruti Cements - India
  • Inspectorate - India
  • MS Steel International - UAE
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • EMO - The Netherlands
  • Bulk Trading Sa - Switzerland
  • NALCO India
  • Sindya Power Generating Company Private Ltd
  • Barasentosa Lestari - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Planning Commission, India
  • KOWEPO - South Korea
  • Adani Power Ltd - India
  • GB Group - China
  • Chamber of Mines of South Africa
  • JPower - Japan
  • Posco Energy - South Korea
  • Wilmar Investment Holdings
  • Petron Corporation, Philippines
  • Merrill Lynch Commodities Europe
  • Freeport Indonesia
  • Rudhra Energy - India
  • BRS Brokers - Singapore
  • Meralco Power Generation, Philippines
  • IHS Mccloskey Coal Group - USA
  • Wood Mackenzie - Singapore
  • Krishnapatnam Port Company Ltd. - India
  • Alfred C Toepfer International GmbH - Germany
  • Shree Cement - India
  • Sakthi Sugars Limited - India
  • CNBM International Corporation - China
  • OCBC - Singapore
  • Goldman Sachs - Singapore
  • Central Java Power - Indonesia
  • ACC Limited - India
  • TRAFIGURA, South Korea
  • The State Trading Corporation of India Ltd
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • TNPL - India
  • UBS Singapore
  • Intertek Mineral Services - Indonesia
  • Jindal Steel & Power Ltd - India
  • Noble Europe Ltd - UK
  • Salva Resources Pvt Ltd - India
  • SASOL - South Africa
  • Standard Chartered Bank - UAE
  • OPG Power Generation Pvt Ltd - India
  • Sree Jayajothi Cements Limited - India
  • VISA Power Limited - India
  • Binh Thuan Hamico - Vietnam
  • Attock Cement Pakistan Limited
  • Heidelberg Cement - Germany
  • Straits Asia Resources Limited - Singapore
  • SGS (Thailand) Limited
  • The University of Queensland
  • Mercuria Energy - Indonesia
  • IBC Asia (S) Pte Ltd
  • SUEK AG - Indonesia
  • Eastern Coal Council - USA
  • Simpson Spence & Young - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Gujarat Mineral Development Corp Ltd - India
  • Meenaskhi Energy Private Limited - India
  • Moodys - Singapore
  • Directorate Of Revenue Intelligence - India
  • Vitol - Bahrain
  • Riau Bara Harum - Indonesia
  • Thriveni
  • SMC Global Power, Philippines
  • Aboitiz Power Corporation - Philippines
  • Kartika Selabumi Mining - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Coal and Oil Company - UAE
  • Mitra SK Pvt Ltd - India
  • Indian Oil Corporation Limited
  • bp singapore
  • Samsung - South Korea
  • Tanito Harum - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • GHCL Limited - India
  • Japan Coal Energy Center
  • San Jose City I Power Corp, Philippines
  • Peabody Energy - USA
  • Gujarat Electricity Regulatory Commission - India
  • Baramulti Group, Indonesia
  • Energy Development Corp, Philippines
  • J M Baxi & Co - India
  • Platts
  • UOB Asia (HK) Ltd
  • Bhoruka Overseas - Indonesia
  • Electricity Generating Authority of Thailand
  • International Coal Ventures Pvt Ltd - India