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Thursday, 26 April 12
ADK SHIPPED 28,000 TONNES OF COAL THIS MONTH
 COALspot.com - Orpheus Energy (ASX:OEG) has announced that four coal barges carrying a total of approximately 28,000 tonnes of ADK (Alam Duta Kalimantan) thermal coal have successfully been shipped out of the SSDK port and sold to an Indonesian trading group.
According to press release of the company, the coal has a typical South Kalimantan product specification of 5500-5300 Kcal/Kg (ADB), and is low in ash and sulphur. Coal quality assays are expected in the next fortnight and once received, final pricing will be agreed.
The SSDK port, located approximately 15km from the ADK coal mine, and some 10km down the coast from the PCMU (“Citra”) port, provides additional available capacity for Orpheus Energy coal exports.
Executive Chairman Wayne Mitchell said: “We are delighted that the Joint Venture has been able to progress so quickly into coal exports since we first announced Orpheus had secured a 50% equity interest in the ADK coal (Alam Duta Kalimantan) project, in March 2012. The SSDK port provides Orpheus with valuable extra capacity to increase our export tonnage, which we intend to aggressively pursue over the coming months”.
Source: Six Degrees Investor Relations
About Orpheus Energy Limited
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 increasing production at the recently acquired ADK project, moving its B26/34 projects into production, definitive exploration programmes at the Papua project and acquiring near term production assets.
About PT Mega Coal
PT Mega Coal is a privately-held coal mining company with an extensive local network and mining experience in Indonesia. OEG has an existing strategic alliance with PT Mega Coal, notably including its joint ventures for ADK, B26/B34 and Papua. The strategic alliance with PT Mega Coal enables the opportunity for continued additional coal concessions in Indonesia.
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Friday, 01 June 12
COKAL ACCEPTED ON THE CLEAN AND CLEAR LIST FOR ITS BORNEO BARA PRIMA AND BUMI BARITO MINERAL PROJECTS
- Borneo Bara Prima (BBP) Project confirmed on the Clean and Clear List 9th May 2012
- Bumi Barito Mineral (BBM) Project confirmed on the Clean and ...
Friday, 01 June 12
ADARO BUYS MAJORITY STAKE IN AFFILIATED BHAKTI ENERGI - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk entered into an option to provide a convertible loan of up to US$500 million for a period of 3 ye ...
Thursday, 31 May 12
DRY BULK MARKET UNABLE TO FIND NEW SUPPORT TO REACH HIGHER LEVELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been unable to find new support and recover to higher levels during these past few days. As a result, the Baltic Dry Index ( ...
Wednesday, 30 May 12
ORPHEUS RAISES $2.24M TO ADVANCE INDONESIAN COAL PRODUCTION ASSETS
• $2.24 million raised from a placement to new and existing institutional and sophisticated investors from Australia and overseas
• Funds ...
Wednesday, 30 May 12
ARPENI SECURES TRANSSHIPMENT CONTRACT FROM BARUNA DIRGA
Insider Stories reported that, shipping operator PT Arpeni Pratama Ocean Line Tbk (APOL) has secured a 1-year coal transhipment contract of 4 millio ...
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- Eastern Coal Council - USA
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- MS Steel International - UAE
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
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- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
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- Ministry of Mines - Canada
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- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
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- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
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- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
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- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
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- Thai Mozambique Logistica
- Central Electricity Authority - India
- Commonwealth Bank - Australia
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- Bayan Resources Tbk. - Indonesia
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- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Orica Australia Pty. Ltd.
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- Energy Link Ltd, New Zealand
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- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
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- White Energy Company Limited
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- Georgia Ports Authority, United States
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