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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 to be used primarily to rapidly advance Orpheus’ portfolio of near term production assets in the South Kalimantan Kintap area
COALspot.com - Orpheus Energy (ASX:OEG) has today announced that it has raised $2.24 million through a share placement to international and domestic institutional and sophisticated investors.
Orpheus also said in its statement that, it will issue 17,227,198 shares at 13 cents per share. The placement will be made within Orpheus’ available 15 per cent capacity as defined under ASX listing rule 7.1.
Proceeds of the capital raising will be used for the acquisition and development of satellite mines in the South Kalimantan Kintap area, drilling and exploration for the B34 Project in East Kalimantan and for working capital.
Executive Chairman Wayne Mitchell said: “We are very pleased to be able to welcome a range of new international investors to Orpheus, as we continue our strategy of developing a quality portfolio of production and near term production assets in Indonesia.”
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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Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...
Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...
Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...
Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...
Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon.
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- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- White Energy Company Limited
- SMC Global Power, Philippines
- The University of Queensland
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- PTC India Limited - India
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