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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, 22 March 12
DRY BULK MARKET KEEPS SURGING, CAPESIZES FALLING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what seems to be an establishing pattern, the dry bulk market has kept its upward momentum, edging closer to the 900 point-mark, but the larger s ...
Wednesday, 21 March 12
BUMA HAS PRODUCED 2.3 MILLION TONS OF COAL IN FEBRUARY 2012
COALspot.com - PT. Delta Dunia Makmur's overburden removal in February 2012 has reached totaled 23.8 million bcm (+2.4% YoY) while coal production ...
Tuesday, 20 March 12
SMALLER DRY BULK VESSELS STILL LEADING DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been growing during the past couple of weeks, but contrary to the usual practice, it’s not the larger Capesizes which ...
Monday, 19 March 12
WEEKLY DRY MARKET OVERVIEW: SMALLER VESSELS LEAD RATES HIGHER - MARIA BERTZELETOU, HELLENIC SHIPPING
The upward trend of the Baltic Dry Index persists strong from the end of February, spurred from the supramax market that offsets the weakness in the ...
Sunday, 18 March 12
BUKIT ASAM'S NET PROFIT IN 2011 ROSE 54% TO US$ 339.56 MILLION
COALspot.com - Company revenue for the period January - December 2011 amounting to Rp 10.6 trillion (approximately US$ 1,164,835,164.84) recorded an ...
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- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
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- Australian Coal Association
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- Kobexindo Tractors - Indoneisa
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- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
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- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- PTC India Limited - India
- Economic Council, Georgia
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- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
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- Straits Asia Resources Limited - Singapore
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- Coal and Oil Company - UAE
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- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
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- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
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- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
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