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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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Wednesday, 11 December 13
THE INDONESIAN GOVERNMENT IS CONSIDERING SETTING A REGULATION ON THE MINIMUM PURITY TO REGULATE UNPROCESSED ORE BAN
COALspot.com: Energy and Mineral Resources Minister Jero Wacik recently proposed to house those mining (mineral) companies that had shown a commitme ...
Wednesday, 11 December 13
BDI REACHED A PEAK OF YEAR RECORD OF 2,237 POINTS WHICH IS A SIGNIFICANT CHANGE IN MARKET CONDITIONS
Getting closer to the end of 2013, it is important that we have a review of the course the market has taken these past 12 months by looking at the B ...
Tuesday, 10 December 13
HNL, AN INDIAN STATE-OWNED NEWSPRINT PAPER MAKER SEEKS 50K TONS OF INDONESIAN 5600 COAL
COALspot.com: Hindustan Newsprint limited (HNL), an Indian state owned news print paper producer invited bids to supply 50,000MT of min 5,200kcal/kg ...
Tuesday, 10 December 13
COLOMBIAN THERMAL COAL EXPORTS SLIPPED 25.54% M-M IN OCTOBER'13
COALspot.com: Colombia's Thermal coal exports in October dropped 25.54% month on month to 5,990,815.13 million mt, according to data from mining de ...
Tuesday, 10 December 13
NEWCASTLE COAL EXPORTS PLUNGE W-O-W
COALspot.com: In the week ended December 9, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 2.50 ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- The University of Queensland
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
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