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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, 01 November 12
SOUTH KOREAN POWER UTILITY EWP TO PURCHASE 670,000 MT OF COAL FOR JAN - FEB 2013 DELIVERY
COALspot.com: Korea East-West Power Co. Ltd. on behalf of Korea South-East Power Co. Ltd., Korea Southern Power Co. Ltd., Korea Midland Power Co. Lt ...
Thursday, 01 November 12
KOMIPO LOOKING FOR 440,000 MT OF 4600 KCAL/KG NAR COAL FOR BORYEONG POWER PLANT
COALspot.com - Korea Midland Power Co. Ltd.(KOMIPO) is inviting bids from coal producers, marketing companies or traders to supply of 440,000 Metric ...
Thursday, 01 November 12
CAPESIZE RATES FALL, DRY BULK MARKET RETREATS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It was another lackluster session yesterday in the dry bulk markets, with the industry's benchmark, the BDI (Baltic Dry Index) retreating by 1.63 p ...
Thursday, 01 November 12
HANDY : WCI-CHINA RATES ARE AT AROUND USD 5,000 AND ECI-CHINA AROUND USD 4000 - FEARNLEYS AS
Handy
The Atlantic market remains quiet due to a lack of cargoes and an increased supply of ships. Rates from the Continent to east Med were around ...
Tuesday, 30 October 12
COAL PRODUCTION TO RISE BY FIVE PERCENT IN 2013 - TEMPO INTERACTIVE
TEMPO Interactive reported that, Indonesian Coal Mining Association (APBI) chairman Bob Kamandanu has estimated that Indonesian coal production will ...
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- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Australian Coal Association
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- MS Steel International - UAE
- Indian Energy Exchange, India
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
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