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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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Wednesday, 29 August 12
SECOND HAND VESSELS IN HIGH DEMAND DESPITE SUMMER SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the slow summer season, ship owners appear to be rather keen in acquiring some modern second hand tonnage at "knock-down" prices. ...
Monday, 27 August 12
BUMI BOOKS $322.1 MILLION NET LOSS IN 1H 2012 IN SPITE OF 8.6 PERCENT INCREASE IN SALES REVENUE
PT Bumi Resources Tbk, the single largest coal producer and exporter in Indonesia announces its first half financial report for the ...
Monday, 27 August 12
OVER 200 FOREIGN COMPANIES AND ENERGY MAJORS EXPECTED AT 2ND MOGP SUMMIT IN YANGON
Singapore based CMT and Machinery & Solutions Co. Ltd (M&S) announce that the 2nd MOGP Summit will be held on 3-6 September at the Sedona ho ...
Sunday, 26 August 12
SOUTH AFRICAN COAL OVERVIEW
South Africa's indigenous energy resource base is dominated by coal.
Internationally, coal is the most widely used primary fuel, accounting for ...
Saturday, 25 August 12
FREIGHT RATES ARE EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - This week the indices showed some signs of improvement will all the segments moving up except for the handy size.
The BDI was marg ...
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- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
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- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
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- Directorate Of Revenue Intelligence - India
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- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
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- Banpu Public Company Limited - Thailand
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- Sakthi Sugars Limited - India
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- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
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- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
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- Planning Commission, India
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- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- India Bulls Power Limited - India
- MS Steel International - UAE
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- Madhucon Powers Ltd - India
- Australian Coal Association
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
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- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- The University of Queensland
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Mjunction Services Limited - India
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- Bhatia International Limited - India
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- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
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- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
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- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
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