COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Thursday, 27 September 12
MINING RE-COMMENCES AT ORPHEUS' B2 EAST KALIMANTAN COAL PROJECT


- B2 project overburden removal completed and coal exposed
- Coal getting has commenced with target production of 30,000tpm 
- Orpheus to receive net $US8 per tonne on all coal sales, expected to be US$240,000 per month 
- Orpheus not responsible for any capital, operating or marketing expenses

COALspot.com - Orpheus Energy (ASX:OEG) is pleased to advise that its Indonesian mining contractor PT Debbia Mining has successfully completed the removal of overburden and exposed coal at its 51% owned B2 project in East Kalimantan, Indonesia, according to a note released through Six Degrees Investor Relations today.

Coal production will now commence from the new pit, located in the central section of the tenement area, ramping up to 30,000tpm.  Coal will be transported by truck to the nearby barge loading facility at Tampang Village, ~ 27 km away from the mine site, comany further said in its note.

Orpheus is not responsible for any capital, operating or coal marketing expenses under the life of mine arrangement with PT Debbia Mining.  As previously announced on 2 July 2012, Orpheus will receive a royalty of net US$ 8 per tonne of coal sold, and at the expected production rate this will earn Orpheus US$ 240,000 per month.

The current JORC coal resource at the B2 project of 0.95 Mt indicated and 0.18Mt inferred will provide an initial mine life of approximately three years.  The current mine plan allows for PT Debbia Mining to move to the adjacent B6 project (currently contains an exploration target of 1.5 Mt to 2.5 Mt and calorific value of 5,950 to 6,850 kcal/kg*) as B2 coal reserves are depleted. 

Orpheus will also commence a JORC drilling program at its nearby B34 project (current exploration target of 5 - 10Mt and calorific value of 7,200 to 8,100 kcal/kg*), in October 2012, approximately 60 km west, which will delineate additional resources to continue mining in this area.

Executive Chairman, Wayne Mitchell said, “ We are very happy with our mining contractor’ s positive progress at B2.  Once we reach our 30,000tpm target production rate, the company will be in a cash-flow positive situation, which gives us the flexibility to focus on rapidly developing our other near-term production projects.  We look forward to reporting to our shareholders coal sales revenue milestones over the next few months.”  



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 28 September 12
DRY BULK SECOND HAND VESSELS ON HIGH DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the demise of the dry bulk market and the collapse of freight rates since the beginning of 2012, on the back of record breaking newbuilding ...


Thursday, 27 September 12
HANDY: THE PACIFIC MARKET IS GETTING WEAKER WITH UPCOMING GOLDEN WEEK HOLIDAYS - FEARNLEYS AS
Handy Yet another week with rates softening in all trades. Especially owners with ships open Continent struggle to find employment paying decent mo ...


Thursday, 27 September 12
DRY BULK MARKET LOSES STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The rise of the BDI (Baltic Dry Index), the dry bulk industry’s benchmark during the course of the previous week, proved to be short-lived, as ...


Wednesday, 26 September 12
NEWBUILDING ORDERING ACTIVITY REMAINS SUBDUED ON GLOBAL MARKET UNCERTAINTY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Newbuilding ordering activity has been on the down side during the past few weeks, a trend also noticeable during the course of the past few days, a ...


Sunday, 23 September 12
AN ANOTHER UNSTABLE WEEK FOR INDONESIAN COAL SWAPS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 1.10 percent and 0.916 percent WOW and DOD respectively ...


   910 911 912 913 914   
Showing 4556 to 4560 news of total 6871
News by Category
Popular News
 
Total Members : 28,617
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • NALCO India
  • ACC Limited - India
  • OCBC - Singapore
  • Runge Indonesia
  • Minerals Council of Australia
  • KPMG - USA
  • CNBM International Corporation - China
  • Price Waterhouse Coopers - Russia
  • Posco Energy - South Korea
  • Tata Power - India
  • San Jose City I Power Corp, Philippines
  • JPMorgan - India
  • TRAFIGURA, South Korea
  • Inspectorate - India
  • Glencore India Pvt. Ltd
  • Vitol - Bahrain
  • Global Coal Blending Company Limited - Australia
  • Ind-Barath Power Infra Limited - India
  • Indika Energy - Indonesia
  • Rudhra Energy - India
  • Banpu Public Company Limited - Thailand
  • Credit Suisse - India
  • Indonesia Power. PT
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Panama Canal Authority
  • Siam City Cement PLC, Thailand
  • Asian Development Bank
  • Uttam Galva Steels Limited - India
  • GN Power Mariveles Coal Plant, Philippines
  • globalCOAL - UK
  • KOWEPO - South Korea
  • CCIC - Indonesia
  • Samtan Co., Ltd - South Korea
  • Madhucon Powers Ltd - India
  • Britmindo - Indonesia
  • Singapore Mercantile Exchange
  • Marubeni Corporation - India
  • Thailand Anthracite
  • GHCL Limited - India
  • Vizag Seaport Private Limited - India
  • Heidelberg Cement - Germany
  • Aditya Birla Group - India
  • Bank of America
  • Karbindo Abesyapradhi - Indoneisa
  • Kartika Selabumi Mining - Indonesia
  • Merrill Lynch Bank
  • Maersk Broker
  • PTC India Limited - India
  • Latin American Coal - Colombia
  • Grasim Industreis Ltd - India
  • New Zealand Coal & Carbon
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Tata Chemicals Ltd - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Sojitz Corporation - Japan
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Bangladesh Power Developement Board
  • Clarksons - UK
  • Gresik Semen - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Indogreen Group - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Energy Development Corp, Philippines
  • BRS Brokers - Singapore
  • Ambuja Cements Ltd - India
  • Orica Mining Services - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Ministry of Finance - Indonesia
  • DBS Bank - Singapore
  • Borneo Indobara - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • PetroVietnam Power Coal Import and Supply Company
  • Anglo American - United Kingdom
  • APGENCO India
  • TNB Fuel Sdn Bhd - Malaysia
  • Mercuria Energy - Indonesia
  • Coalindo Energy - Indonesia
  • ASAPP Information Group - India
  • Kideco Jaya Agung - Indonesia
  • Coal Orbis AG
  • Argus Media - Singapore
  • IOL Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Bharathi Cement Corporation - India
  • Jaiprakash Power Ventures ltd
  • Shenhua Group - China
  • bp singapore
  • Lafarge - France
  • Kepco SPC Power Corporation, Philippines
  • Pipit Mutiara Jaya. PT, Indonesia
  • Makarim & Taira - Indonesia
  • Central Java Power - Indonesia
  • Deutsche Bank - India
  • Meralco Power Generation, Philippines
  • Cosco
  • MS Steel International - UAE
  • London Commodity Brokers - England
  • Surastha Cement
  • Australian Coal Association
  • SN Aboitiz Power Inc, Philippines
  • Arutmin Indonesia
  • Petrosea - Indonesia
  • Petron Corporation, Philippines
  • J M Baxi & Co - India
  • OPG Power Generation Pvt Ltd - India
  • Jorong Barutama Greston.PT - Indonesia
  • SGS (Thailand) Limited
  • Kaltim Prima Coal - Indonesia
  • Port Waratah Coal Services - Australia
  • Simpson Spence & Young - Indonesia
  • Thai Mozambique Logistica
  • RBS Sempra - UK
  • Georgia Ports Authority, United States
  • Coal India Limited
  • Bhatia International Limited - India
  • Idemitsu - Japan
  • Coeclerici Indonesia
  • Kobexindo Tractors - Indoneisa
  • Samsung - South Korea
  • Planning Commission, India
  • Bukit Baiduri Energy - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Cement Manufacturers Association - India
  • Therma Luzon, Inc, Philippines
  • Ince & co LLP
  • Directorate General of MIneral and Coal - Indonesia
  • Altura Mining Limited, Indonesia
  • Economic Council, Georgia
  • Manunggal Multi Energi - Indonesia
  • Renaissance Capital - South Africa
  • Total Coal South Africa
  • NTPC Limited - India
  • Eastern Energy - Thailand
  • Bukit Asam (Persero) Tbk - Indonesia
  • Bank of China, Malaysia
  • Mitra SK Pvt Ltd - India
  • Infraline Energy - India
  • Coastal Gujarat Power Limited - India
  • SUEK AG - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Cebu Energy, Philippines
  • Indo Tambangraya Megah - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • TNPL - India
  • Mjunction Services Limited - India
  • Leighton Contractors Pty Ltd - Australia
  • Africa Commodities Group - South Africa
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Core Mineral Indonesia
  • Standard Chartered Bank - UAE
  • Medco Energi Mining Internasional
  • Tanito Harum - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Eastern Coal Council - USA
  • UOB Asia (HK) Ltd
  • Krishnapatnam Port Company Ltd. - India
  • McConnell Dowell - Australia
  • Gupta Coal India Ltd
  • EIA - United States
  • U S Energy Resources
  • Coal and Oil Company - UAE
  • Videocon Industries ltd - India
  • Merrill Lynch Commodities Europe
  • Coaltrans Conferences
  • Ceylon Electricity Board - Sri Lanka
  • Commonwealth Bank - Australia
  • IBC Asia (S) Pte Ltd
  • Central Electricity Authority - India
  • Cargill India Pvt Ltd
  • GAC Shipping (India) Pvt Ltd
  • Formosa Plastics Group - Taiwan
  • Aboitiz Power Corporation - Philippines
  • Qatrana Cement - Jordan
  • CESC Limited - India
  • Maruti Cements - India
  • Savvy Resources Ltd - HongKong
  • Maharashtra Electricity Regulatory Commission - India
  • Malabar Cements Ltd - India
  • SASOL - South Africa
  • Global Business Power Corporation, Philippines
  • Binh Thuan Hamico - Vietnam
  • Sakthi Sugars Limited - India
  • Global Green Power PLC Corporation, Philippines
  • Wood Mackenzie - Singapore
  • Gujarat Sidhee Cement - India
  • Bhushan Steel Limited - India
  • Xstrata Coal
  • IMC Shipping - Singapore
  • Kumho Petrochemical, South Korea
  • Indian Energy Exchange, India
  • Vedanta Resources Plc - India
  • World Bank
  • Metalloyd Limited - United Kingdom
  • PLN Batubara - Indonesia
  • Adani Power Ltd - India
  • Moodys - Singapore
  • Riau Bara Harum - Indonesia
  • Bulk Trading Sa - Switzerland
  • Electricity Generating Authority of Thailand
  • TANGEDCO India
  • Thiess Contractors Indonesia
  • World Coal - UK
  • Semirara Mining Corp, Philippines
  • Enel Italy
  • Indian Oil Corporation Limited
  • Timah Investasi Mineral - Indoneisa
  • KEPCO - South Korea
  • Meenaskhi Energy Private Limited - India
  • Freeport Indonesia
  • Electricity Authority, New Zealand
  • Toyota Tsusho Corporation, Japan
  • White Energy Company Limited
  • CoalTek, United States
  • LBH Netherlands Bv - Netherlands
  • IEA Clean Coal Centre - UK
  • SRK Consulting
  • Parliament of New Zealand
  • Kobe Steel Ltd - Japan
  • Kapuas Tunggal Persada - Indonesia
  • PLN - Indonesia
  • Baramulti Group, Indonesia
  • UBS Singapore
  • WorleyParsons
  • GNFC Limited - India
  • Wilmar Investment Holdings
  • Edison Trading Spa - Italy
  • Platou - Singapore
  • EMO - The Netherlands
  • Barclays Capital - USA
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Indonesian Coal Mining Association
  • Star Paper Mills Limited - India
  • Permata Bank - Indonesia
  • Fearnleys - India
  • The Treasury - Australian Government
  • Sinarmas Energy and Mining - Indonesia
  • Thriveni
  • Arch Coal - USA
  • Geoservices-GeoAssay Lab
  • Peabody Energy - USA
  • Miang Besar Coal Terminal - Indonesia
  • Maybank - Singapore
  • Asia Cement - Taiwan
  • Bukit Makmur.PT - Indonesia
  • The University of Queensland
  • Alfred C Toepfer International GmbH - Germany
  • PowerSource Philippines DevCo
  • Agrawal Coal Company - India
  • TGV SRAAC LIMITED, India
  • Dalmia Cement Bharat India
  • Chamber of Mines of South Africa
  • GB Group - China
  • VISA Power Limited - India
  • Ministry of Mines - Canada
  • Billiton Holdings Pty Ltd - Australia
  • Mitsubishi Corporation
  • GVK Power & Infra Limited - India
  • Sree Jayajothi Cements Limited - India
  • Pinang Coal Indonesia
  • Parry Sugars Refinery, India
  • Xindia Steels Limited - India
  • Siam City Cement - Thailand
  • Asmin Koalindo Tuhup - Indonesia
  • Indian School of Mines
  • Japan Coal Energy Center
  • Jatenergy - Australia
  • Ministry of Transport, Egypt
  • Rio Tinto Coal - Australia
  • Thermax Limited - India
  • Semirara Mining and Power Corporation, Philippines
  • Chettinad Cement Corporation Ltd - India
  • Platts
  • Mintek Dendrill Indonesia
  • Sindya Power Generating Company Private Ltd
  • MEC Coal - Indonesia
  • TeaM Sual Corporation - Philippines
  • Adaro Indonesia
  • Sarangani Energy Corporation, Philippines
  • Power Finance Corporation Ltd., India
  • Reliance Power - India
  • India Bulls Power Limited - India
  • GMR Energy Limited - India
  • The State Trading Corporation of India Ltd
  • Iligan Light & Power Inc, Philippines
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • ING Bank NV - Singapore
  • Malco - India
  • Interocean Group of Companies - India
  • Goldman Sachs - Singapore
  • IHS Mccloskey Coal Group - USA
  • Barasentosa Lestari - Indonesia
  • The India Cements Ltd
  • SMG Consultants - Indonesia
  • Indorama - Singapore
  • Bangkok Bank PCL
  • Attock Cement Pakistan Limited
  • Humpuss - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Jindal Steel & Power Ltd - India
  • Trasteel International SA, Italy
  • Carbofer General Trading SA - India
  • Sucofindo - Indonesia
  • Oldendorff Carriers - Singapore
  • Inco-Indonesia
  • Russian Coal LLC
  • KPCL - India
  • ETA - Dubai
  • Vale Mozambique
  • Salva Resources Pvt Ltd - India
  • PetroVietnam
  • Larsen & Toubro Limited - India
  • Antam Resourcindo - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • HSBC - Hong Kong
  • Sical Logistics Limited - India
  • Mechel - Russia
  • European Bulk Services B.V. - Netherlands
  • Bhoruka Overseas - Indonesia
  • Mercator Lines Limited - India
  • Orica Australia Pty. Ltd.
  • Cardiff University - UK
  • Thomson Reuters GRC
  • McKinsey & Co - India
  • Gujarat Electricity Regulatory Commission - India
  • Energy Link Ltd, New Zealand
  • Shree Cement - India
  • Lanco Infratech Ltd - India
  • Australian Commodity Traders Exchange
  • Independent Power Producers Association of India
  • Mitsui
  • South Luzon Thermal Energy Corporation
  • Maheswari Brothers Coal Limited - India
  • Cemex - Philippines
  • Tamil Nadu electricity Board
  • Romanian Commodities Exchange
  • Essar Steel Hazira Ltd - India
  • ICICI Bank Limited - India
  • Straits Asia Resources Limited - Singapore
  • Kalimantan Lumbung Energi - Indonesia
  • BNP Paribas - Singapore
  • Neyveli Lignite Corporation Ltd, - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Ernst & Young Pvt. Ltd.
  • Noble Europe Ltd - UK
  • ANZ Bank - Australia
  • Berau Coal - Indonesia
  • Intertek Mineral Services - Indonesia
  • Deloitte Consulting - India
  • SMC Global Power, Philippines
  • CIMB Investment Bank - Malaysia
  • JPower - Japan