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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, 02 October 13
HOW LONG WILL THIS LATEST CAPESIZE RALLY LAST? - TASOS PAPADOPOULOS
By Tasos Papadopoulos, SnP Broker, Intermodal
The surge in iron ore trade has translated into a massive boost in daily earnings for capes; with t ...
Tuesday, 01 October 13
DRY BULK MARKET POISED FOR RETREAT ON CHINA HOLIDAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The start of a national weeklong in China as of Tuesday is expected to put a lid in the latest rally of the dry bulk freight market, as has always b ...
Monday, 30 September 13
NEWCASTLE'S COAL EXPORT VOLUME CONTINUES TO SLIP
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port fell 8.38 per cent week on week to 2.67 million mt fo ...
Monday, 30 September 13
PANAMAX CHARTER RATES TOUCHING US$ 18K FOR A TRIP TO NOPAC - CAPT. REDDY
COALspot.com : The freight market continued to remain firm, BDI and the Panamax index up week ended 27 September 2013.
The cape index was fell to ...
Sunday, 29 September 13
API 8 CFR SOUTH CHINA COAL Q3 2014 DELIVERY SWAP GAINED $1.19 M-O-M
COALspot.com : SGX has launched API 8 CFR South China Coal Swap on 29 April 2013 and SGX replaced the previous swap.
API 8 CFR South China Coal s ...
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- Global Green Power PLC Corporation, Philippines
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- Eastern Coal Council - USA
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- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
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- Ministry of Finance - Indonesia
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- London Commodity Brokers - England
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- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Commonwealth Bank - Australia
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- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
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- Medco Energi Mining Internasional
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- Ministry of Mines - Canada
- Deloitte Consulting - India
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- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
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- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
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- White Energy Company Limited
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- Interocean Group of Companies - India
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- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
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- Merrill Lynch Commodities Europe
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- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- The University of Queensland
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- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
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- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
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- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
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- Metalloyd Limited - United Kingdom
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- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
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- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
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- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
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- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
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- Indian Energy Exchange, India
- Electricity Authority, New Zealand
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