COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.”  



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Sunday, 08 September 13
BALTIC INDEX UP ON HIGHER CAPESIZE, PANAMAX RATES
COALspot.com : The freight market continued saw one of the biggest rally last week with Cape Size taking the lead followed by Panamax. The BDI wa ...


Friday, 06 September 13
DRY BULK MARKET REACHES NEW YEAR-HIGHS ON THE BACK OF INCREASED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been on the rise once again, but this time around any new increase of freight rates translates into new year-highs, thus bri ...


Friday, 06 September 13
US PRODUCED APPROXIMATELY 90.80 MMST OF COAL IN AUGUST
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.90 million short tons (mmst) of ...


Thursday, 05 September 13
INDONESIAN COAL EXPORTS UP BY 6.72 PERCENT IN JULY
COALspot.com:  Indonesia, the world's largest multi grade coal exporter shipped 35.268* million tons of coal in July 2013. Indonesian coal exp ...


Thursday, 05 September 13
HANDY: NICKEL ORE WAS PUSHING THE FAR EAST MARKET - FEARNLEYS
Handy Nickel Ore was pushing the Feast market, several ships were fixed from low teens to $14k. Indo/India was still supported by bauxite, while th ...


   826 827 828 829 830   
Showing 4136 to 4140 news of total 6871
News by Category
Popular News
 
Total Members : 28,696
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Arch Coal - USA
  • TRAFIGURA, South Korea
  • Petrochimia International Co. Ltd.- Taiwan
  • Kepco SPC Power Corporation, Philippines
  • New Zealand Coal & Carbon
  • Coeclerici Indonesia
  • Mercuria Energy - Indonesia
  • MEC Coal - Indonesia
  • Intertek Mineral Services - Indonesia
  • RBS Sempra - UK
  • CNBM International Corporation - China
  • Credit Suisse - India
  • Platts
  • Cardiff University - UK
  • Salva Resources Pvt Ltd - India
  • Platou - Singapore
  • Trasteel International SA, Italy
  • Russian Coal LLC
  • EIA - United States
  • Xindia Steels Limited - India
  • AsiaOL BioFuels Corp., Philippines
  • Vijayanagar Sugar Pvt Ltd - India
  • Madhucon Powers Ltd - India
  • Bulk Trading Sa - Switzerland
  • Sindya Power Generating Company Private Ltd
  • Britmindo - Indonesia
  • London Commodity Brokers - England
  • Simpson Spence & Young - Indonesia
  • OCBC - Singapore
  • Deutsche Bank - India
  • Barclays Capital - USA
  • Thiess Contractors Indonesia
  • VISA Power Limited - India
  • APGENCO India
  • TANGEDCO India
  • Essar Steel Hazira Ltd - India
  • Makarim & Taira - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Maharashtra Electricity Regulatory Commission - India
  • NALCO India
  • Straits Asia Resources Limited - Singapore
  • Cigading International Bulk Terminal - Indonesia
  • Merrill Lynch Commodities Europe
  • Ernst & Young Pvt. Ltd.
  • Agrawal Coal Company - India
  • Adani Power Ltd - India
  • GHCL Limited - India
  • Mitsui
  • Siam City Cement - Thailand
  • PTC India Limited - India
  • BNP Paribas - Singapore
  • Cargill India Pvt Ltd
  • Total Coal South Africa
  • Panama Canal Authority
  • Glencore India Pvt. Ltd
  • SMC Global Power, Philippines
  • Bank of America
  • European Bulk Services B.V. - Netherlands
  • World Bank
  • Georgia Ports Authority, United States
  • India Bulls Power Limited - India
  • Permata Bank - Indonesia
  • Tata Chemicals Ltd - India
  • Dalmia Cement Bharat India
  • Timah Investasi Mineral - Indoneisa
  • Edison Trading Spa - Italy
  • White Energy Company Limited
  • Shenhua Group - China
  • Kapuas Tunggal Persada - Indonesia
  • KPMG - USA
  • EMO - The Netherlands
  • Renaissance Capital - South Africa
  • Sree Jayajothi Cements Limited - India
  • Adaro Indonesia
  • Fearnleys - India
  • Standard Chartered Bank - UAE
  • Noble Europe Ltd - UK
  • Kartika Selabumi Mining - Indonesia
  • Bhoruka Overseas - Indonesia
  • Global Business Power Corporation, Philippines
  • Indogreen Group - Indonesia
  • Thermax Limited - India
  • Karaikal Port Pvt Ltd - India
  • Kaltim Prima Coal - Indonesia
  • TeaM Sual Corporation - Philippines
  • UOB Asia (HK) Ltd
  • Lafarge - France
  • Runge Indonesia
  • Maheswari Brothers Coal Limited - India
  • Vale Mozambique
  • Iligan Light & Power Inc, Philippines
  • KOWEPO - South Korea
  • Coastal Gujarat Power Limited - India
  • Sarangani Energy Corporation, Philippines
  • Port Waratah Coal Services - Australia
  • Altura Mining Limited, Indonesia
  • SRK Consulting
  • Mjunction Services Limited - India
  • Qatrana Cement - Jordan
  • Romanian Commodities Exchange
  • Central Electricity Authority - India
  • Holcim Trading Pte Ltd - Singapore
  • ING Bank NV - Singapore
  • Kobexindo Tractors - Indoneisa
  • Coaltrans Conferences
  • Berau Coal - Indonesia
  • Sical Logistics Limited - India
  • PLN Batubara - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Billiton Holdings Pty Ltd - Australia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Bayan Resources Tbk. - Indonesia
  • Asia Cement - Taiwan
  • WorleyParsons
  • Mitra SK Pvt Ltd - India
  • PLN - Indonesia
  • Attock Cement Pakistan Limited
  • Enel Italy
  • Indo Tambangraya Megah - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Coal Orbis AG
  • Jindal Steel & Power Ltd - India
  • Mercator Lines Limited - India
  • Chettinad Cement Corporation Ltd - India
  • Ind-Barath Power Infra Limited - India
  • Commonwealth Bank - Australia
  • Asian Development Bank
  • Ministry of Finance - Indonesia
  • Australian Commodity Traders Exchange
  • J M Baxi & Co - India
  • Sojitz Corporation - Japan
  • McKinsey & Co - India
  • Bukit Makmur.PT - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • SUEK AG - Indonesia
  • JPower - Japan
  • Indorama - Singapore
  • TGV SRAAC LIMITED, India
  • Aboitiz Power Corporation - Philippines
  • San Jose City I Power Corp, Philippines
  • TNPL - India
  • Manunggal Multi Energi - Indonesia
  • Africa Commodities Group - South Africa
  • Ministry of Mines - Canada
  • Parliament of New Zealand
  • Therma Luzon, Inc, Philippines
  • Alfred C Toepfer International GmbH - Germany
  • Freeport Indonesia
  • GMR Energy Limited - India
  • bp singapore
  • Asmin Koalindo Tuhup - Indonesia
  • Rio Tinto Coal - Australia
  • Thai Mozambique Logistica
  • Antam Resourcindo - Indonesia
  • Baramulti Group, Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Latin American Coal - Colombia
  • Indika Energy - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Borneo Indobara - Indonesia
  • Marubeni Corporation - India
  • PNOC Exploration Corporation - Philippines
  • Ceylon Electricity Board - Sri Lanka
  • Energy Link Ltd, New Zealand
  • Uttam Galva Steels Limited - India
  • Lanco Infratech Ltd - India
  • Ambuja Cements Ltd - India
  • ACC Limited - India
  • Semirara Mining and Power Corporation, Philippines
  • Toyota Tsusho Corporation, Japan
  • Coal India Limited
  • Posco Energy - South Korea
  • Globalindo Alam Lestari - Indonesia
  • Mitsubishi Corporation
  • Jaiprakash Power Ventures ltd
  • Inspectorate - India
  • Semirara Mining Corp, Philippines
  • Cement Manufacturers Association - India
  • ASAPP Information Group - India
  • HSBC - Hong Kong
  • IHS Mccloskey Coal Group - USA
  • KEPCO - South Korea
  • World Coal - UK
  • SMG Consultants - Indonesia
  • Coal and Oil Company - UAE
  • Singapore Mercantile Exchange
  • Bharathi Cement Corporation - India
  • Miang Besar Coal Terminal - Indonesia
  • Petron Corporation, Philippines
  • Indian Oil Corporation Limited
  • PowerSource Philippines DevCo
  • GN Power Mariveles Coal Plant, Philippines
  • Krishnapatnam Port Company Ltd. - India
  • Ince & co LLP
  • Clarksons - UK
  • Leighton Contractors Pty Ltd - Australia
  • Bukit Baiduri Energy - Indonesia
  • Eastern Coal Council - USA
  • Samsung - South Korea
  • Eastern Energy - Thailand
  • Tanito Harum - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • TNB Fuel Sdn Bhd - Malaysia
  • Grasim Industreis Ltd - India
  • GNFC Limited - India
  • Maruti Cements - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Videocon Industries ltd - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Bank of China, Malaysia
  • CIMB Investment Bank - Malaysia
  • Chamber of Mines of South Africa
  • Arutmin Indonesia
  • Gresik Semen - Indonesia
  • Bangladesh Power Developement Board
  • Aditya Birla Group - India
  • Oldendorff Carriers - Singapore
  • Minerals Council of Australia
  • Independent Power Producers Association of India
  • Electricity Authority, New Zealand
  • Vedanta Resources Plc - India
  • Wilmar Investment Holdings
  • SGS (Thailand) Limited
  • Surastha Cement
  • Petrosea - Indonesia
  • Savvy Resources Ltd - HongKong
  • Geoservices-GeoAssay Lab
  • Global Coal Blending Company Limited - Australia
  • Vitol - Bahrain
  • The India Cements Ltd
  • Rashtriya Ispat Nigam Limited - India
  • Kobe Steel Ltd - Japan
  • Global Green Power PLC Corporation, Philippines
  • GVK Power & Infra Limited - India
  • Core Mineral Indonesia
  • Kumho Petrochemical, South Korea
  • Kalimantan Lumbung Energi - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Jatenergy - Australia
  • Parry Sugars Refinery, India
  • Goldman Sachs - Singapore
  • Metalloyd Limited - United Kingdom
  • Larsen & Toubro Limited - India
  • IEA Clean Coal Centre - UK
  • globalCOAL - UK
  • CoalTek, United States
  • Carbofer General Trading SA - India
  • U S Energy Resources
  • Japan Coal Energy Center
  • Cemex - Philippines
  • Indonesian Coal Mining Association
  • Infraline Energy - India
  • Samtan Co., Ltd - South Korea
  • IOL Indonesia
  • Maersk Broker
  • Neyveli Lignite Corporation Ltd, - India
  • Meenaskhi Energy Private Limited - India
  • Rudhra Energy - India
  • GB Group - China
  • Humpuss - Indonesia
  • UBS Singapore
  • JPMorgan - India
  • CCIC - Indonesia
  • PetroVietnam
  • OPG Power Generation Pvt Ltd - India
  • Reliance Power - India
  • Gujarat Sidhee Cement - India
  • ICICI Bank Limited - India
  • Cebu Energy, Philippines
  • SASOL - South Africa
  • Energy Development Corp, Philippines
  • Idemitsu - Japan
  • Sucofindo - Indonesia
  • Formosa Plastics Group - Taiwan
  • Directorate Of Revenue Intelligence - India
  • Orica Mining Services - Indonesia
  • Barasentosa Lestari - Indonesia
  • Bhushan Steel Limited - India
  • McConnell Dowell - Australia
  • The State Trading Corporation of India Ltd
  • Anglo American - United Kingdom
  • Bhatia International Limited - India
  • Ministry of Transport, Egypt
  • Indian School of Mines
  • Vizag Seaport Private Limited - India
  • Malco - India
  • SN Aboitiz Power Inc, Philippines
  • Bahari Cakrawala Sebuku - Indonesia
  • Thailand Anthracite
  • BRS Brokers - Singapore
  • GAC Shipping (India) Pvt Ltd
  • The University of Queensland
  • Shree Cement - India
  • KPCL - India
  • Tata Power - India
  • Mintek Dendrill Indonesia
  • Electricity Generating Authority of Thailand
  • Tamil Nadu electricity Board
  • Riau Bara Harum - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Mechel - Russia
  • Banpu Public Company Limited - Thailand
  • Orica Australia Pty. Ltd.
  • Malabar Cements Ltd - India
  • Moodys - Singapore
  • Kohat Cement Company Ltd. - Pakistan
  • International Coal Ventures Pvt Ltd - India
  • Maybank - Singapore
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Inco-Indonesia
  • Siam City Cement PLC, Thailand
  • Xstrata Coal
  • Coalindo Energy - Indonesia
  • ETA - Dubai
  • Heidelberg Cement - Germany
  • South Luzon Thermal Energy Corporation
  • CESC Limited - India
  • Planning Commission, India
  • Indonesia Power. PT
  • Medco Energi Mining Internasional
  • DBS Bank - Singapore
  • Gujarat Mineral Development Corp Ltd - India
  • Indian Energy Exchange, India
  • IMC Shipping - Singapore
  • Sakthi Sugars Limited - India
  • Interocean Group of Companies - India
  • Economic Council, Georgia
  • The Treasury - Australian Government
  • Thriveni
  • LBH Netherlands Bv - Netherlands
  • Australian Coal Association
  • Sinarmas Energy and Mining - Indonesia
  • Peabody Energy - USA
  • NTPC Limited - India
  • Star Paper Mills Limited - India
  • Power Finance Corporation Ltd., India
  • Deloitte Consulting - India
  • Cosco
  • Gupta Coal India Ltd
  • Jorong Barutama Greston.PT - Indonesia
  • IBC Asia (S) Pte Ltd
  • Merrill Lynch Bank
  • MS Steel International - UAE
  • Pendopo Energi Batubara - Indonesia
  • Wood Mackenzie - Singapore
  • Pinang Coal Indonesia
  • Thomson Reuters GRC
  • Central Java Power - Indonesia
  • Meralco Power Generation, Philippines
  • ANZ Bank - Australia
  • Price Waterhouse Coopers - Russia
  • Argus Media - Singapore
  • Bangkok Bank PCL