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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.”
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Saturday, 08 September 12
RIO TINTO COMPLETES ACQUISITION OF BHP BILLITON'S INTERESTS IN RICHARDS BAY MINERALS
Rio Tinto has doubled its holding in Richards Bay Minerals (RBM) following the completion of its acquisition of BHP Billiton’s entire inte ...
Friday, 07 September 12
HBA GAINS $ 1.56 PER MT IN SEPTEMBER
COALspot.com - The Indonesian government’s declared coal reference price has gained US$ 1.56 per MT M-o-M. This is the first gain ...
Thursday, 06 September 12
SOME ANCHORED PANAMAX VESSELS WAITING FOR CARGOS TO COME
Handy
According to Fearnleys weekly report, in the smaller segments Fearnleys sees little to no changes since last week. There are still entering s ...
Thursday, 06 September 12
DRY BULK CARRIERS STILL IN HIGH DEMAND AMONG SHIP OWNERS, BUT NEWBUILDING ACTIVITY SLIDES IN AUGUST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The slide of the dry bulk market this year hasn't abated ship owners' appetite for dry bulk carriers, as evidenced by the steady interest expresse ...
Tuesday, 04 September 12
SHIP OWNERS' COMPETITION LEADS TO TANKER FIXTURES BELOW OPERATING COSTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners operating in the VLCC tanker markets are increasingly finding it difficult to obtain even breakeven rates for their vessels, as competit ...
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- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
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