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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, 21 April 14
DRY BULK MARKET UPS AND - MOST RECENTLY - DOWNS OFFERS NO ROOM FOR RELAXING AMONG DRY BULK SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market's latest demise, with the market retrating once again, since the end of March, has come at a time, when most ship owners ...
Sunday, 20 April 14
FREIGHT RATES END WEEK ON WEAK NOTE - VISTAAR
Wish you all Happy Easter.
The freight market continued to its downwards as BDI was fell 7.187 percent to 930 points week on week.
The ...
Friday, 18 April 14
US WEEKLY COAL PRODUCTION DECLINED BY 1% TO 18.9 MMST
COALspot.com – United States the world's second largest coal producer, produced approximately 18.9 million short tons (mmst) of coal i ...
Thursday, 17 April 14
DRY BULK MARKET ON RETREAT MODE, WHILE NEWBUILDING ORDERING ACTIVITY STALLS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept on retreating this week, a pattern which emerged since late March. Yesterday the BDI (Baltic Dry Index) ended yet a ...
Wednesday, 16 April 14
INDONESIA'S FEBRUARY 2014 COAL EXPORT VOLUME FELL 2.41%
COALspot.com: Indonesia, the world 4th largest coal producer and the global largest multi grade coal exporter shipped around $1.77* billio ...
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- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
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- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
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- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
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- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
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- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
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- Sindya Power Generating Company Private Ltd
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- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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- Baramulti Group, Indonesia
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- Planning Commission, India
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- Parliament of New Zealand
- Goldman Sachs - Singapore
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- MS Steel International - UAE
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Indogreen Group - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
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- International Coal Ventures Pvt Ltd - India
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- Ministry of Transport, Egypt
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- SMC Global Power, Philippines
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- Tamil Nadu electricity Board
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- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
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- GN Power Mariveles Coal Plant, Philippines
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- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
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- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
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