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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, 19 January 12
14TH VOGP MEETING IN HO CHI MINH CITY HANDS OUT LATEST UPDATES AND DEVELOPMENTS IN VIETNAM'S ENERGY INDUSTRY
Press Release: At upcoming 14th Vietnam Oil Gas Power on 27-28 Feb in Ho Chi Minh City the industry’s most influential names including Petrovi ...
Thursday, 19 January 12
DELTA DUNIA SEALS US$820 MIO CONTRACT INSIDER STORIES
Insider Stories reported that, PT Delta Dunia Makmur Tbk (DOID) has announced that its primary operating subsidiary, PT Bukit Makmur Mandiri Utama ( ...
Wednesday, 18 January 12
WARM WINTER ACROSS EUROPE HAS IMPACTED NEGATIVELY COAL DEMAND - BRS
With the Chinese New Year just a week away, all markets are slowing down. The drop in freight rates for all sizes has been significant over the past ...
Wednesday, 18 January 12
DRY BULK MARKET'S DRAMA CONTINUES IN START OF NEW WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A flurry of newbuilding deliveries, coupled with a slow start to the new year, a typical trend for the dry bulk market, has led the industry's benc ...
Monday, 16 January 12
BUMA MINED 2.7 MILLION TONS COAL LAST MONTH
COALspot.com - BUMA has mined 2.7 million tons (-14.1% YoY) coal last month and removed 25.8 million bcm (-5.6% YoY) overburden, according to compan ...
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- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
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- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
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- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- The University of Queensland
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
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- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
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