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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, 06 February 14
THE WORLD LARGEST COAL EXPORTER SHIPPED AROUND 35.90 MMT OF COAL IN DECEMBER 2013
COALspot.com: Indonesia, the world 4th largest coal producer and the Global largest multi grade coal exporter shipped around $2* billion worth ...
Thursday, 06 February 14
PANAMAX: FAR EAST IS ALMOST ABSENT AND ATLANTIC ON SLOW STEAM
Handy
Due to ongoing Chinese New Year the market is still quiet. Slowly we can see some fresh coal cargos entering the market with second half Feb/ ...
Wednesday, 05 February 14
DRY BULK MARKET HAS LOST FURTHER GROUND THIS PAST WEEK - INTERMODAL
COALspot.com: The Dry Bulk market has lost further ground this past week as activity ex-Far East disappeared into the Chinese holidays and owners id ...
Wednesday, 05 February 14
MARKET INSIGHT - TASOS PAPADOPOULOS
KNOWLEDGE TO ELEVATE
COALspot.com: Let's take a break from market prospects, numbers, order book etc. and shed some light on the conclusions of ...
Tuesday, 04 February 14
NEWCASTLE PORT'S WEEKLY COAL EXPORTS HIT NEW HIGH OF 3.53 MMT
COALspot.com: In the week ended 3 February 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled ...
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- New Zealand Coal & Carbon
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- Minerals Council of Australia
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- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
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- Global Green Power PLC Corporation, Philippines
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- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
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- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
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- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- PowerSource Philippines DevCo
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- Savvy Resources Ltd - HongKong
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- Anglo American - United Kingdom
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- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
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- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
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- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
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- Coal and Oil Company - UAE
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- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
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- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
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- Merrill Lynch Commodities Europe
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- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
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- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
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- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- White Energy Company Limited
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
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- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Deloitte Consulting - India
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- Romanian Commodities Exchange
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- Pipit Mutiara Jaya. PT, Indonesia
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