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Wednesday, 28 March 12
ORPHEUS ENERGY TO COMMENCE JORC DRILLING AT ADK PROJECT
COALspot.com - Indonesian coal explorer and producer, Orpheus Energy (ASX:OEG), have today announced that the company is about to commence a drilling exploration program of 7 cored holes at the ADK Project in South Kalimantan, Indonesia.
Highlights include:
JORC drilling program at ADK due to commence by 31 March 2012
Drilling two zones of up to 2.2Mt and up to 1.5Mt respectively, totalling up to 3.7Mt outside current mine pits
Past drilling of the current mine pit areas is also being re-assesses and new mine plans have been formulated to more efficiently extract coal
ADK mine and other Orpheus/Mega projects unaffected by proposed Indonesian foreign ownership changes
Executive Chairman Wayne Mitchell said: “The ADK JORC drilling program will confirm our understanding of the resource potential of this project. Together with the production plans we announced on 20 March, this new information will assist us in longer term mine planning for ADK.
“We would like to reassure shareholders that the company is unaffected by the recent commentary on the Indonesian Government’s plans to limit foreign ownership to 49% over 10 years. With our strategic local JV partner, PT Mega Coal, our strategy has always been to maintain our 50 to 51% equity in each project via a local Indonesian PMA company.”
About Orpheus:
Orpheus Energy Limited (“OEG”) is a coal company focusing on coal production and exploration in Indonesia. OEG also owns some Australian coal and industrial minerals projects.
Orpheus has signed a strategic alliance with PT Mega Coal International (‘Mega’) which is an existing coal producer and exporter. Orpheus is on a fast track to growth through moving its B26/34 projects into production, increasing production at the recently acquired ADK project, definitive exploration programmes at the Papua project and acquiring near term production assets.
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Thursday, 26 April 12
PANAMAXES AGAIN EARN MORE THAN CAPESIZES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The latest surge of demand for Panamaxes has led the dry bulk market to new higher ground on Monday, with the Baltic Dry Index (BDI) reaching 1,090 ...
Wednesday, 25 April 12
CHINA IMPORTS 9.76 MMT AND INDIA IMPORTS 7.03 MMT OF INDONESIAN COAL LAST MONTH
COALspot.com: Indonesia, the world largest coal exporter, shipped 30.64* million tons of coal in March 2012, compared to 27.12* million tons i ...
Monday, 23 April 12
ALTURA ENTERS INTO AGREEMENT TO ACQUIRE 2 COAL PROJECTS IN SOUTH KALIMANTAN
COALspot.com - Altura Mining Limited (ASX: AJM) has announced that it has entered into an agreement to acquire a further two (2) Mining Permits (IUP ...
Sunday, 22 April 12
THE FREIGHT MARKET EXPECTED TO REMAIN FIRM NEXT WEEK - VISTAAR
COALspot.com - The BDI has broken the psychological barrier of 1000 points and closed at 1067 points.
The cape index was slightly down by 2.48 pc ...
Saturday, 21 April 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS DROP 2.61 PERCENT THIS WEEK
COALspot.com - Indonesian sub-bituminous coal swaps fell for a fifth day, according to DSP of SGX AsiaClear OTC Coal Swaps.
CFR South China Coal ...
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- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- White Energy Company Limited
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
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