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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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Thursday, 26 June 14
COAL DIVESTMENT CAMPAIGNS COME WITH RISKY UNINTENDED CONSEQUENCES - WCA
Last week I presented to the Expert Group on investments in coal and petroleum companies, the body set up to advise the Norwegian Government on whe ...
Wednesday, 25 June 14
INDONESIAN COAL EXPORTS ON RISE; EARNINGS FALL ON LOWER SELLING PRICES
COALspot.com: Indonesia, one of the world's largest coal producer and the global largest multi grade coal exporter shipped around $1.84* ...
Wednesday, 25 June 14
THE PANAMAX MARKET REACHED FRESH LOWS FOR THE YEAR, SAYS INTERMODAL
COALspot.com: The Dry Bulk market closed off the week noting a slight decrease, but this image of stability is merely representative of freight rat ...
Wednesday, 25 June 14
SHIPPING: MARKET INSIGHT - YANNIS OLZIERSKY
During his recent visit in London, China's Premier, Li Keqiang, announced that China's economy, the world's second largest after the US ...
Tuesday, 24 June 14
INDONESIAN COAL MINER TARGETS RP 313 BILLION IPO
COALspot.com: Indonesian coal miner PT Mitrabara Adiperdana is aiming to raise up to Rp 313 billion to Rp 368 billion (approximately $26.133 millio ...
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- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
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- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Eastern Coal Council - USA
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- Australian Coal Association
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
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- Planning Commission, India
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- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
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- Coal and Oil Company - UAE
- Videocon Industries ltd - India
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- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
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- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
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- Therma Luzon, Inc, Philippines
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- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
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- Trasteel International SA, Italy
- Aditya Birla Group - India
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- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
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- Sree Jayajothi Cements Limited - India
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- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
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- Minerals Council of Australia
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- Parliament of New Zealand
- Vedanta Resources Plc - India
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- The Treasury - Australian Government
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- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
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- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
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- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- ASAPP Information Group - India
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- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
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