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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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Friday, 08 March 13
DRY BULK MARKET ON A RISING TREND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its rising pattern set after China opened up again for business, following the Asian New Year Holidays. As a resul ...
Thursday, 07 March 13
PANAMAX : POSITIVE TREND; CAPESIZE : GRADUALLY SLIDE - FEARNLEYS AS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 22k and Black sea-feast was at USD 12k. The ...
Tuesday, 05 March 13
NEWCASTLE PORT SHIPPED 20.77 PERCENT MORE COAL W/E 4 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2,631,562 MT of thermal and coking coal for a week ended 0700 hours 4 March 2013, Newcas ...
Sunday, 03 March 13
INDONESIAN THERMAL COAL SWAPS; CHINA CONTRACTS FALL W-O-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 0.75 percent and CFR South China coal shipment&nbs ...
Sunday, 03 March 13
FREIGHT MARKET FROM INDONESIA EXPECTED TO BE FIRM - VISTAAR
COALspot.com – The freight market has been fairly firm this week except for cape size index.
The BDI was up by 4.64 points closing at 776 p ...
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- Sinarmas Energy and Mining - Indonesia
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- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
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- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
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- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
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- London Commodity Brokers - England
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- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
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- Singapore Mercantile Exchange
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- CNBM International Corporation - China
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- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
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- Planning Commission, India
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- Standard Chartered Bank - UAE
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- Electricity Authority, New Zealand
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- The State Trading Corporation of India Ltd
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- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
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- Leighton Contractors Pty Ltd - Australia
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- Australian Commodity Traders Exchange
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- Economic Council, Georgia
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- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
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- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
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- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
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- Independent Power Producers Association of India
- Eastern Energy - Thailand
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- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
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- Siam City Cement - Thailand
- The University of Queensland
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- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
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- Madhucon Powers Ltd - India
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- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- PTC India Limited - India
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Australian Coal Association
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
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- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Minerals Council of Australia
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
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- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
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- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
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