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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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Monday, 07 May 12
INDONESIAN HBA FALL AGAIN IN MAY 2012
COALspot.com - Indonesian HBA fall again to lowest level since January 2011 in May 2012. The monthly coal reference price for coal sales in Ma ...
Sunday, 06 May 12
INDONESIAN SUB-BITUMINOUS COAL & CFR SOUTH CHINA SWAPS SLIGHTLY DROP THIS WEEK
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for June deliveries slightly dropped this week.
According ...
Sunday, 06 May 12
S7 & S8 ROUTES LIKELY TO BE FIRM NEXT WEEK VISTAAR SINGAPORE
COALspot.com - The BDI remained flat this week and was up just by 1 point closing at 1,157 points.
The cape size index was up by 5.14 pct closing ...
Sunday, 06 May 12
EXPORT DUTY ON MINERAL FINALLY TO BECOME EFFECTIVE NEXT WEEK
COALspot.com - Mineral ore exporters of Indonesia ( only IUP holders) are required to obtain recommendation letter from the energy and mineral ...
Friday, 04 May 12
DEMOLITION KEY FOR DRY BULK MARKET RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The overflow of newbuilding vessels which “spilled over” into 2012 from 2011 brought the dry bulk market to a near collapse level at the ...
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- Directorate Of Revenue Intelligence - India
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- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Commonwealth Bank - Australia
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- Bangladesh Power Developement Board
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- Sojitz Corporation - Japan
- Minerals Council of Australia
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- Energy Link Ltd, New Zealand
- Australian Coal Association
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- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
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- Chamber of Mines of South Africa
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- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
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- Thiess Contractors Indonesia
- ICICI Bank Limited - India
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- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
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- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- Renaissance Capital - South Africa
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- Georgia Ports Authority, United States
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- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
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- Sindya Power Generating Company Private Ltd
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- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
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- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
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- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
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- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Ministry of Mines - Canada
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- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
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- Heidelberg Cement - Germany
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
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- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
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- Australian Commodity Traders Exchange
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- White Energy Company Limited
- Semirara Mining Corp, Philippines
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- Timah Investasi Mineral - Indoneisa
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- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
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- Indonesian Coal Mining Association
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- Thai Mozambique Logistica
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- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
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- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
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