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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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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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- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Planning Commission, India
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Trasteel International SA, Italy
- The University of Queensland
- McConnell Dowell - Australia
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Australian Coal Association
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
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