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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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Tuesday, 12 June 12
ITACHA RESOURCES BUYS SARANA MARINE - INSIDER STORIES
Insider Stories reported that, coal mining company PT Itacha Resources, a joint venture between Anthoni Salim and Glenn Yusuf, announced that Itacha ...
Monday, 11 June 12
BAHANA FORECASTS THE COAL PRICES WILL FALL FURTHER
COALspot.com - Growing US coal supplies + low shipping costs = Asia as target.
According to Irwan Budiarto analyst at Bahana Securities, US ...
Monday, 11 June 12
ASIAN COAL TRADING COMMUNITY EMBRACES API 5 AND API 8
Press Release - The Asian coal trading community is embracing the API 5 and API 8 indexes for its swap contracts.
The API 5 index represents 5,50 ...
Sunday, 10 June 12
FREIGHT MARKET EXPECTED TO REMAIN WEAK FOR NEXT FEW WEEKS - VISTAAR
COALspot.com - The BDI continued to fall this week and down by 2.99 pct closing at 877 points.
The Cape index also was down by 5.78 pct closing a ...
Friday, 08 June 12
ESSAR ENERGY RECEIVES FINAL APPROVAL FOR INDONESIAN COAL BLOCK
COALspot.com - Essar Energy plc, the India-focused integrated energy company, today announced that it has received final ‘Pinjam Pakai’ ...
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- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- White Energy Company Limited
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Economic Council, Georgia
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
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