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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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Saturday, 18 August 12
BULK FREIGHT MARKETS CONTINUED THEIR DECLINE IN LINE WITH WEAK DEMAND - VISTAAR
COALspot.com - This week also the indices fell on all segments with BDI touching lowest in almost 3 years.
The BDI closed at 714 points down by 7 ...
Thursday, 16 August 12
PUBLIC PRIVATE PARTNERSHIPS CONFERENCE 2012
Press Release - Asia’s Premier Public Private Partnerships Conference 2012 will showcase commercial opportunities for investors and developers ...
Wednesday, 15 August 12
UT GENERATED RP 3.09 TRILLION NET INCOME
COALspot.com - As of June 2012 Indonesia’s heavy equipment market grew 14%, from 8,448 units to 9,618 units (based on UT’s internal mark ...
Tuesday, 14 August 12
SAKARI ENTERED INTO JV IN CAMBODIA TO EXPLORE COAL OPPORTUNITIES
COALspot.com - Sakari joints hands with The Royal Group of Companies in Cambodia to explore and develop coal opportunities throughout the country.
...
Tuesday, 14 August 12
SAKARI SIGNS HEADS OF AGREEMENT TO ACQUIRE SIX COAL CONCESSIONS IN INDONESIA
COALspot.com - Sakari has signed a Heads of Agreement (HOA) to acquire a 100% interest in up to six IUPs, covering an area of over 29,000 hectares, ...
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- Africa Commodities Group - South Africa
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- McConnell Dowell - Australia
- Global Green Power PLC Corporation, Philippines
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- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
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- Global Business Power Corporation, Philippines
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- VISA Power Limited - India
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- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
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- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
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- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
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- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Wilmar Investment Holdings
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- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Electricity Generating Authority of Thailand
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