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

Tuesday, 18 March 14
SECOND QUARTER SUB-BIT FOB INDONESIA COAL SWAP LOST 3.27% IN A MONTH
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 gained this pa ...


Tuesday, 18 March 14
NEWCASTLE COAL EXPORT VOLUME FALLS 26.23% WEEK ON WEEK
COALspot.com: In the week ended 17 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 2 ...


Monday, 17 March 14
API 8 CFR SOUTH CHINA COAL SWAPS FOR AVERAGE Q2 14 DELIVERIES LOST 2.59% M-O-M
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 2.59 percent month on month and closed at US$ 74.15 per mt as o ...


Sunday, 16 March 14
BDI DOWN ON LOW CAPESIZE ACTIVITY
COALspot.com: The freight market was slightly soft this week with BDI down by 4.28 pct week on week. The BDI closed at 1,477 points and the cape ...


Friday, 14 March 14
DRY BULK MARKET ENTERS RECOVERY MODE, ON INCREASED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has entered and sustained higher ground as of this week, on the back on increased Capesize demand. Although the situation in ...


   758 759 760 761 762   
Showing 3796 to 3800 news of total 6871
News by Category
Popular News
 
Total Members : 28,697
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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