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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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Friday, 17 January 14
DRY BULK MARKET ENDS DECLINE, BOUNCES BACK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It's been a rough start to the New Year for the dry bulk market, which was supposed to be on the verge of rallying to new heights this year, on the ...
Friday, 17 January 14
SPOT COAL PRICE TRENDS IN US VARY ACROSS KEY BASINS DURING 2013, SAYS EIA
COALspot.com: Spot steam coal price trends in US varied across key basins in 2013, a latest EIA report says. Compared with 2012, while total coal de ...
Thursday, 16 January 14
PANAMAX : THE GAP BETWEEN SPOT AND PERIOD HAS INCREASED IN BOTH HEMISPHERES - FEARNRESEARCH
Handy
In the Atlantic we have seen rates slowly sliding on lack of enough fresh business. USG/Continent still paying excess 28k and seems on an upw ...
Thursday, 16 January 14
SHIP OWNERS SCRAP 1,119 SHIPS DURING 2013 ON THE BACK OF OVERSUPPLY ISSUES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Scrapping of older vessels is still the best bet that ship owners can make, in order to improve their newer vessels' fortunes, amid an oversupply o ...
Wednesday, 15 January 14
KOREA MIDLAND POWER CO INVITES BIDS FOR 360K MT OF SUB-BITUMINOUS COAL FOR ITS BORYEONG PLANT
COALspot.com : Korea Midland Power Co., Ltd. has invited bids through International open bidding for 360,000 Metric Tons (MT) of sub-bituminous ...
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- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- White Energy Company Limited
- Dalmia Cement Bharat India
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