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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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Sunday, 26 February 23
MAWANI AND JEDDAH CHAMBER SIGN AN AGREEMENT TO BUILD INTEGRATED LOGISTICS PARK
Press Release: The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce and Industry have today inked an agreement to set up an integrated ...
Saturday, 25 February 23
INDONESIA IS STILL BY FAR THE TOP SUPPLIER OF COAL TO CHINA - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, said ban ...
Wednesday, 22 February 23
MARKET INSIGHT - INTERMODAL
The short-term outlook of the global soybean market is currently pivoted by a combination of weather patterns that are affecting the harvest progre ...
Saturday, 18 February 23
OIL UNLIKELY TO BREAK ABOVE $100/BBL THIS YEAR, J.P.MORGAN SAYS –- REUTERS
Brent oil prices are unlikely to breach the $100 a barrel level this year, barring any significant geopolitical drivers, with OPEC+ potentially add ...
Saturday, 18 February 23
CHINA'S COAL PRICES FALL TO 1 YR-LOW, CLOUDING DEMAND AND IMPORT OUTLOOK - REUTERS
China’s thermal coal prices hit their lowest levels in a year this week on rising inventories as domestic mine production is recovering faste ...
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- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- MS Steel International - UAE
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
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