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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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Thursday, 30 May 13
HANDY: RBCT ROUND WAS AROUND USD 9K + 300 BB - FEARNRESEARCH
Handy
THE Atlantic market remained flat. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 12k. The Pacific market remained quiet with no ...
Wednesday, 29 May 13
SHIP OWNERS KEEP ON SPENDING ON NEWBUILDINGS AS PRICES ARE DEEMED TOO LOW TO RESIST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It's been yet another week on increased newbuilding ordering activity with Hellenic ship owners appearing rathe active, on the back of attractive f ...
Tuesday, 28 May 13
NEWCASTLE PORT SHIPPED 9.76 PERCENT MORE COAL W/E 27 MAY 2013
COALspot.com - Newcastle port in Australia has loaded 2,420,366 tons of coal for week ended 0700 hours 27 May 2013, Newcastle Port Corp. said ...
Sunday, 26 May 13
AMPLE SUPPLY, LOW DEMAND KEEP COAL PRICES UNDER PRESSURE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have lost 0.07 percent and API 8 CFR South China Coal shipment los ...
Friday, 24 May 13
ENGAGEMENT WITH POTENTIAL STRATEGIC AND OFF TAKE PARTNERS ACCELERATING - REALM RESOURCES
COALspot.com - Following the recent completion of the Feasibility Study, the Realm Resources Ltd. (ASX: RRP) has focused on securing strategic ...
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- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Wilmar Investment Holdings
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
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