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

Monday, 16 March 09
COAL MINER BUKIT ASAM RECORDS 135% GAIN IN NET PROFIT FOR 2008 - THE JAKARTA GLOBE
Indonesia's state-owned coal miner PT Tambang Batubara Bukit Asam Tbk said its net profit jumped 135 percent last year, having sold more coal at hi ...


Saturday, 14 March 09
NATIONAL ALUMINIUM TO IMPORT COAL NEXT MONTH TO EASE SHORTAGE - BLOOMBERG
Bloomberg reported that, National Aluminium Co., India’s biggest alumina maker, plans to import as much as 150,000 metric tons of coal next mo ...


Friday, 13 March 09
VIETNAM APPROVES TWO COAL-FIRED POWER PLANTS TO MEET DEMAND -THANHNIENNEWS
Thanhnien News reported that, The government has approved a proposal to build two 2,400-megawatt coal-fired power plants in the provinces of Nam Din ...


Friday, 13 March 09
INDONESIAN STATE-RUN COMPANIES PROFIT MAY FALL 10% THIS YEAR -THANHNIENNEWS
Tanhnien news reported that, Indonesian state-run companies’ profits may fall about 10 percent this year as commodity prices decline, cutting ...


Thursday, 12 March 09
INDONESIA'S CIREBON ELEC IN TALKS ON COAL SUPPLIES - REUTERS
Reuters reported that, Indonesia's PT Cirebon Electric Power, an independent power producer, is in talks with a number of coal suppliers to seek a ...


   1367 1368 1369 1370 1371   
Showing 6841 to 6845 news of total 6871
News by Category
Popular News
 
Total Members : 28,700
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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