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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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Friday, 11 July 14
UNITED STATE'S MONTHLY COAL OUTPUT FALLS 5.53% IN JUNE
COALspot.com – United States the world's second largest coal producer, produced approximately 18.1 million short tons (mmst) of coal in a ...
Thursday, 10 July 14
SGX EXPANDS ACROSS THE BULKS WITH NEW COAL PRODUCTS
COALspot.com: Singapore Exchange (SGX) is expanding its bulk commodity derivatives offering by launching new coking and thermal coal products on 4 ...
Thursday, 10 July 14
HANDY: SMALL INCREASE; PANAMAX: POSITIVE TONE; CAPESIZE: PAPER VALUES REMAIN WEEK
Handy
It is a general increase in activity in both hemispheres whereas rates have just experienced a small increase. In the Feast we see stable a ...
Wednesday, 09 July 14
SHIP INVESTMENTS ARE TRENDING LOWER
Most ship owners are deeming current ship prices on the high side, refraining from making serious commitments in new acquisitions or newbuilding or ...
Wednesday, 09 July 14
INDIAN GOVERNMENT ADVISED POWER UTILITIES TO INCREASE COAL IMPORTS
COALspot.com: The government of India has advised power utilities to increase coal imports to meet fuel shortages and those that have fuel supply p ...
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- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
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- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
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- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
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- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Minerals Council of Australia
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- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
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- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- White Energy Company Limited
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- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
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- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
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- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
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- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
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- Coastal Gujarat Power Limited - India
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- Mercator Lines Limited - India
- Interocean Group of Companies - India
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Planning Commission, India
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
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- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
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