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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, 18 September 13
DRY BULK MARKET CONTINUED TO ADVANCE - INTERMODAL
Chartering (Wet: Stable- / Dry: Firm+ )
The Dry Bulk market continued to advance at a very fast pace, with the BDI closing off the week north ...
Tuesday, 17 September 13
BUMA PRODUCED 3.57 PERCENT MORE COAL IN AUGUST
COALspot.com: BUMA has removed totaled 25.20 million bcm of overburden to produce 2.90 million tons coal in August 2013. BUMI produced 3.07 percent ...
Tuesday, 17 September 13
NEWCASTLE PORT SHIPPED ABOUT 27 PERCENT MORE COAL WEEK ON WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 27.26 per cent week on week to 3.01 million mt for ...
Tuesday, 17 September 13
TAIPOWER INVITES BIDS FOR SUPPLY OF SUB-BITUMINOUS COAL
COALspot.com - Taiwan Power Company intends to procure 1.050 million tons of sub-bituminous coal for Taipower thermal power plant through open tende ...
Tuesday, 17 September 13
ORPHEUS SECURES SIGNIFICANT INFRASTRUCTURE DEAL THROUGH ACQUISITION OF SOUTH KALIMANTAN PORT CAPACITY
COALspot.com : Orpheus Energy Limited (ASX: OEG) of Australia has today announced that, it has executed a binding agreement with the proprietor of S ...
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- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
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- The University of Queensland
- GVK Power & Infra Limited - India
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- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
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- Thiess Contractors Indonesia
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- GMR Energy Limited - India
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- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
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- Global Business Power Corporation, Philippines
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- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
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- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
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- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
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- Australian Coal Association
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- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
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- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- The Treasury - Australian Government
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
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- Global Green Power PLC Corporation, Philippines
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- Sical Logistics Limited - India
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- Agrawal Coal Company - India
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- Billiton Holdings Pty Ltd - Australia
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- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
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- Siam City Cement - Thailand
- Planning Commission, India
- MS Steel International - UAE
- McConnell Dowell - Australia
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
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- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
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- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
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- Petron Corporation, Philippines
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- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
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- Ind-Barath Power Infra Limited - India
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