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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, 13 April 09
INDIA'S NTPC FOURTH-QUARTER PROFIT RISES 30% ON POWER OUTPUT - BLOOMBERG
NTPC Ltd., India’s biggest electricity generator, said profit rose 30 percent in the fourth quarter after higher efficiency helped production. ...
Thursday, 09 April 09
INDONESIAN CILACAP, FISHERMEN PROTEST COAL BARGES ANCHORING IN BAY - THE JAKARTA POST
Fishermen in Cilacap, Central Java, have protested against the presence of dozens of coal barges lying at anchor in Teluk Penyu Bay, claiming they a ...
Thursday, 09 April 09
INDONESIA'S PLN (STATE ELECTRICITY COMPANY) TO SET POWER PURCHASE PRICES FOR INDEPENDENT PRODUCERS - THE JAKARTA POST
State power company PT PLN holds the mandate to set power purchase prices to buy electricity produced by its (IPP) business partners, aiming at flex ...
Wednesday, 08 April 09
ARCELORMITTAL BUYS STAKE IN COAL OF AFRICA - MINEWEB
Steel maker, ArcelorMittal SA, has acquired a 16.3 percent stake in Coal of Africa Ltd. for $44.98 million in cash.
ArcelorMittal SA, the South A ...
Wednesday, 08 April 09
EXPORTS AT AUSTRALIA NEWCASTLE COAL PORT FALL ON STORM -MINING-JOURNAL
Coal exports from Australia's Newcastle port, the world's largest coal export terminal, fell roughly 18% last week to a 4½-month low, as ro ...
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- Bahari Cakrawala Sebuku - Indonesia
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- Merrill Lynch Commodities Europe
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- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
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- The Treasury - Australian Government
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- Indika Energy - Indonesia
- PowerSource Philippines DevCo
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- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
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- Thiess Contractors Indonesia
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- New Zealand Coal & Carbon
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- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
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- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
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- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
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- Aditya Birla Group - India
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
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- Wilmar Investment Holdings
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- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
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- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- The University of Queensland
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- Ministry of Transport, Egypt
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- White Energy Company Limited
- Romanian Commodities Exchange
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- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
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- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
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- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
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- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
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- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
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- Bhatia International Limited - India
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
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- Commonwealth Bank - Australia
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- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
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- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
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- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
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- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
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- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
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- Tata Chemicals Ltd - India
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- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Planning Commission, India
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- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
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- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
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- Kartika Selabumi Mining - Indonesia
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- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
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- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
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