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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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Thursday, 02 March 23
DRY BULK MARKET: THE WAY CHINA GOES, SO GOES THE MARKET - BIMCO
We expect demand growth within the 1.5-2.5% range in 2023, driven by China’s economic recovery. Improvements in consumer sentiment should hel ...
Thursday, 02 March 23
INDIA, CHINA DEMAND BOOST LOW-RANK THERMAL COAL PRICES IN ASIA - RUSSELL, REUTERS
Signs of stronger import demand from India have arrested the decline in price of the thermal coal grades most commonly sought by the world’s ...
Thursday, 02 March 23
INDIA CHEERS THE RETURN OF ‘KING COAL’ AS INDUSTRY SEES BUOYANT FUTURE - REUTERS
India’s coal industry celebrated the return of its major conference after a three-year pandemic hiatus by presenting a bullish view of demand ...
Wednesday, 01 March 23
GEO CONNECT ASIA RETURNS IN MARCH TO ACCELERATE THE REGION’S GEOSPATIAL AND LOCATION INTELLIGENCE CAPABILITIES
Press Release: The third edition of GCA will be held in conjunction with Digital Construction Asia and the inaugural Drones Asia – an event d ...
Wednesday, 01 March 23
THE DECLINE IN THE COAL PRICE SINCE THE BEGINNING OF THE YEAR HAS BEEN SIGNIFICANT - INTERMODAL
Last week, the front-month API2 future rose by 3.5%, but since the beginning of the year the future has fallen by 39% to $136.65/t, while the Newca ...
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- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Planning Commission, India
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
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