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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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Tuesday, 04 March 14
AUSTRALIA'S NPC TO SHIP 11.85 MMT OF COAL IN MARCH
COALspot.com: In the week ended 3 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 3.15 m ...
Tuesday, 04 March 14
HIGHER PRICES AND STEADY FREIGHT RATES LEAD SHIP OWNERS TO TEMPORARILY HALT SECOND HAND VESSEL PURCHASES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the dry bulk market has kept on improving, but at a very slow rate, ship owners have elected to take a step back from the flurry of the S&P m ...
Monday, 03 March 14
SUB-BIT INDONESIA COAL SWAP (FOB) FOR AVERAGE Q115 CLOSED AT $60.28, $ 1.70 HIGHER THAN 2Q14
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 slightly corrected do ...
Monday, 03 March 14
API 8 CFR SOUTH CHINA SWAPS: Q4' 2014 DELIVERY CLOSED US$ 1.40 HIGHER COMPARED TO Q2' 2014 DELIVERY
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 1.90 percent month on month and closed at US$ 76.27 per mt as on Fr ...
Monday, 03 March 14
COSTS LIABILITY PASSING DOWN A CHARTERPARTY CHAIN - SKULD
KNOWLEDGE TO ELEVATE
Provided that charterparties are on back to back terms, and the claim is successful, liability for costs incurred shoul ...
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- India Bulls Power Limited - India
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Planning Commission, India
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
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- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
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