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Tuesday, 04 September 12
ORPHEUS SECURES ADDITIONAL SIGNIFICANT KINTAP COAL PROJECT IN SOUTH KALIMANTAN
 COALspot.com - Indonesian coal producer, Orpheus Energy (ASX:OEG) has announced that it has secured a 50% equity ownership in an additional tenement with a coal production license in the South Kalimantan province of Indonesia under its JV agreement with strategic alliance partner PT Mega Coal International.
According to Orpheus Energy's announcement, it has secured a 50% equity ownership in an additional tenement with a coal production Licence in South Kalimantan Province – Tanah Laut Regent Decree No. 545/06/IUP.OP/DPE/2011 - under its joint venture agreement with strategic alliance partner PT Mega Coal International (“Mega”). All legal due diligence has been successfully completed.
- Heads of Agreement (“HOA”) signed with PT Citra Bara Prima (“CBP”) over a ~195 hectare coal production project in South Kalimantan
- Located adjacent to one of PT Arutmin’s major operating coal mines and approximately 10km from Orpheus’ Kintap ADK project
- Exploration target of 2Mt – 4.5Mt with a drilling program planned to commence by end September to establish a JORC resource
- Mining planned to commence by end October using nearby existing infrastructure.
The CBP tenement covers an area of approximately 195 hectares, and has been previously mined and drilled. Orpheus’ technical team has conducted desktop analysis on earlier exploration results, identifying a minimum of two coal seams varying in thickness from 4 to 12 metres, near surface.
Orpheus currently has an exploration target of 2.0Mt to 4.5Mt and has planned a 12 hole drilling program, each to a total depth of 100m, to delineate a JORC resource, expected to commence by end September 2012.
The CBP project is located approximately 10km south-west of Orpheus’ ADK project and is close to the river side barge loading facility at SKJM, located less than 5km away.
During the upcoming CBP drilling program, Orpheus will be developing its preliminary mine plan so that the project can rapidly move into production, planned to be by end October 2012. At this stage, it is anticipated that the CBP project will be mined at a rate of 50,000tpm, when in steady-state production.
According to companies press release, the HOA provides that Orpheus pays a purchase price of US$ 0.50 per tonne of JORC black coal resource. This is payable to PT Mega Coal in the following structure:
Stage 1: ~US$200,000 as a deposit prior to the establishment of a JORC resource;
Stage 2: On completion of Orpheus’ successful drilling program generating a JORC resource, Orpheus will pay Mega US$0.50 per tonne in cash, scrip or combination of both, at Orpheus’ election.
Executive Chairman Wayne Mitchell said, “The CBP transaction is very important for Orpheus as it is the next step in our strategy of bringing additional Kintap area satellite mines into production. CBP already has a production license, which means we can quickly start mining and exporting coal. In addition to our coal already coming out of ADK, Orpheus will soon be mining 100,000tpm from the South Kalimantan area.”
Orpheus and Mega Coal will now move to execute a Joint Venture Agreement over the CBP project.
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Tuesday, 14 August 12
UNCERTAIN FUTURE FOR DRY BULK PANAMAX SHIPS - DREWRY / HELLENIC SHIPPING
The dry bulk shipping market is in a poor state, with the Capesize segment the worst of all. Unfortunately, the latest analysis from Drewry Maritime ...
Monday, 13 August 12
5TH VIETNAM PORTS AND LOGISTICS 2012
Press Release - Co-hosted by VINAMARINE, the 5th Vietnam Ports and Logistics2012 will feature dedicated sessions on port and transport infrastructur ...
Monday, 13 August 12
ACTIVE DRY BULK FLEET INCREASES BY 8% SO FAR IN 2012 IN TERMS OF TONNAGE CAPACITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It’s no wonder that the dry bulk market has been tethering since the start of the year. the overflow of tonnage has been so enormous, that eve ...
Sunday, 12 August 12
COAL FREIGHT RATES FALL FLAT TO SOFT ON OVERSUPPLY, WEAK DEMAND - VISTAAR SINGAPROE
COALspot.com - The BDI continued its fall 10th August.
This week all segments were down including BDI down by 9.15 pct closing at 774 points .The ...
Saturday, 11 August 12
INDONESIAN COAL REFERENCE PRICE HAS LOST 27.78 PERCENT YOY
COALspot.com - Indonesian HBA fell again in August.
The monthly coal reference price for coal sales this month fell 3.32 percent. HBA fell ...
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Showing 4616 to 4620 news of total 6871 |
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- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- McConnell Dowell - Australia
- Posco Energy - South Korea
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
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