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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, 22 November 11
ABM INVESTAMA SETS IPO AT RP 3,750
Insider Stories reported that, Integrated energy company PT ABM Investama Tbk has determined the IPO price at Rp3,750 (approximately US$ 0.415) per ...
Tuesday, 22 November 11
A SURPRISINGLY STRONG WEEK FOR THE CAPES - BRS
Positive gains for most of the segments this week, the exception being the Handysizes. Overall the BDI ended the week at 1,895 points (+3.3% week-on ...
Tuesday, 22 November 11
APPETITE FOR DRY BULK VESSELS SLOWS DOWN AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was down at the beginning of the week, as demand for Capesize vessels was particularly low. The industry’s benchmark, the ...
Monday, 21 November 11
CAPESIZES DRIVE MARKET LOWER, ANALYSTS DIVIDED ON DRY BULK OUTLOOK IN THE LONG RUN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market ended the week on a sour note, with the industry’s benchmark heading downwards to 1,895 points, which represented a slight ...
Sunday, 20 November 11
THE FREIGHT MARKETS EXPECTED TO BE FIRM NEXT WEEK - VISTAAR
COALspot.com - The market continued to move up with all sectors gaining except for handy size.
The BDI was up by 3.26 pct and closed at 1895 poin ...
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- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Central Electricity Authority - India
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- White Energy Company Limited
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
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