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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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Wednesday, 11 April 12
TWO PERCENT OF IBP CONCESSION CONTAINS 42 MMT OF COAL
COALspot.com - 42.35 million ton of coal found in just 2% of PT Insani Bara Perkasa’s total concession area of 24,477 hectare.
Accord ...
Wednesday, 11 April 12
DRY BULK MARKET STILL SUBDUED, RECOVERY NOT YET SEEN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market entered the new week after the past days of easter holidays in western countries in a subdued mood. The industry’s benchma ...
Monday, 09 April 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first week of April ended with the Baltic Dry Index falling below 950 points, before Catholic Easter, and capesizes showing a modest upturn with ...
Sunday, 08 April 12
CHARTER RATES COULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI was almost at same levels closing slightly lower by 0.64 pct at 928 points.
The Cape index was up by 6.73 pct closing at ...
Friday, 06 April 12
INDONESIAN HBA FALL TO LOWEST LEVEL SINCE JANUARY 2011
COALspot.com - Indonesian HBA fall to lowest level since January 2011 this month. The monthly coal reference price for coal sales in April fal ...
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- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Australian Coal Association
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Planning Commission, India
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- GMR Energy Limited - India
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
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