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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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Tuesday, 14 August 12
UNCERTAIN FUTURE FOR DRY BULK PANAMAX SHIPS - DREWRY / HELLENIC SHIPPING
The dry bulk shipping market is in a poor state, with the Capesize segment the worst of all. Unfortunately, the latest analysis from Drewry Maritime ...
Monday, 13 August 12
5TH VIETNAM PORTS AND LOGISTICS 2012
Press Release - Co-hosted by VINAMARINE, the 5th Vietnam Ports and Logistics2012 will feature dedicated sessions on port and transport infrastructur ...
Monday, 13 August 12
ACTIVE DRY BULK FLEET INCREASES BY 8% SO FAR IN 2012 IN TERMS OF TONNAGE CAPACITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It’s no wonder that the dry bulk market has been tethering since the start of the year. the overflow of tonnage has been so enormous, that eve ...
Sunday, 12 August 12
COAL FREIGHT RATES FALL FLAT TO SOFT ON OVERSUPPLY, WEAK DEMAND - VISTAAR SINGAPROE
COALspot.com - The BDI continued its fall 10th August.
This week all segments were down including BDI down by 9.15 pct closing at 774 points .The ...
Saturday, 11 August 12
INDONESIAN COAL REFERENCE PRICE HAS LOST 27.78 PERCENT YOY
COALspot.com - Indonesian HBA fell again in August.
The monthly coal reference price for coal sales this month fell 3.32 percent. HBA fell ...
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- GVK Power & Infra Limited - India
- Planning Commission, India
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- Tamil Nadu electricity Board
- Economic Council, Georgia
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- Meralco Power Generation, Philippines
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- Ministry of Finance - Indonesia
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- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
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- Intertek Mineral Services - Indonesia
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- Directorate Of Revenue Intelligence - India
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- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
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- Electricity Generating Authority of Thailand
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- Thai Mozambique Logistica
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- Makarim & Taira - Indonesia
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- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
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- Romanian Commodities Exchange
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- Deloitte Consulting - India
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- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
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- Electricity Authority, New Zealand
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- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Australian Coal Association
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- The University of Queensland
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
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- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
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- Kaltim Prima Coal - Indonesia
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- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
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- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Bhatia International Limited - India
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- Wilmar Investment Holdings
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- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
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- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
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- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
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- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
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- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
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- International Coal Ventures Pvt Ltd - India
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- CIMB Investment Bank - Malaysia
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