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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, 17 November 14
SKULD ISSUES URGENT NOTICE ON BANKRUPTCY OF OW BUNKER A/S
Further to the Association’s advices of 7 November 2014, more information has come to light with respect to the potential impact and scale of ...
Monday, 17 November 14
INDONESIAN COAL PRICE REFERENCE CONTINUES FREE FALL; SLUMPS TO 69-MONTH LOW
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in November. HBA for t ...
Monday, 17 November 14
API 5 FOB NEWCASTLE COAL SWAP FOR Q1' 15 DELIVERY CLOSED AT $ 52.75
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery has decreased US$ 1.77 (-3.25%) month over month and US$ 0.02 (-0.04%) day ...
Monday, 17 November 14
SOUTH CHINA COAL SWAP SLIGHTLY INCREASED WEEK OVER WEEK
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 1.73 (-2.67%) month over month and US$ 0.10 (-0.16%) da ...
Sunday, 16 November 14
THE BDI LOST 12.59% WEEK ON WEEK; THE BCI LOST 19.95%
COALspot.com: The BDI fell 12.59 percent to 1256 point week on week on Friday 14 November. All the segments were also most down this week. The cape ...
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- McConnell Dowell - Australia
- Australian Coal Association
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
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- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
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- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
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- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
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