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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 March 23
MARKET INSIGHT - INTERMODAL
The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a ...
Wednesday, 22 March 23
WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warne ...
Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Posco Energy - South Korea
- PTC India Limited - India
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
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