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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, 09 November 12
SHIP OWNERS TURN TO SECOND HAND VESSELS, WHICH COME AT ATTRACTIVE PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The attractiveness of modern second hand vessels, which are often priced aggressively can't be ignored by cash-rich ship owners, who are taking adv ...
Thursday, 08 November 12
LARGE ECO SUPRA : INDO - INDIA NOW FIXED AT USD 11K FOR DELIVERY SINGAPORE - FEARNLEYS
Handy
The Atlantic market continues to remain weak with rates further softening on FH. Rates from USG to Feast were around USD 14k and Black Sea to ...
Thursday, 08 November 12
DRY BULK MARKET RETREATS AGAIN ON HIGHER SHIP SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In further evidence of a latest round of dry bulk shipping misery, the industry's benchmark fell for the 11th straight session yesterday, as the in ...
Thursday, 08 November 12
JOIN CHINA STEAM COAL SUPPLY - DEMAND FORUM
Join China Steam Coal Supply-Demand Forum & Visit Shenhua Yudean Zhuhai Port Coal Terminal
Press Release - Organized by CBI BIZ and suppo ...
Wednesday, 07 November 12
NEWBUILDING ORDERING ACTIVITY ON A STEADY PACE PRIOR TO THE END OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Newbuilding orders, which to many involved in the shipping industry, are the main reason of today's low freight rates and subsequent financial prob ...
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- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- White Energy Company Limited
- Parliament of New Zealand
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- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Australian Coal Association
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- The University of Queensland
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- PTC India Limited - India
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
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