INDONESIA - Kingsrose secures funds for Talang Santo ramp up

Credit Suisse has agreed to provide US$15 million to help fast track the production ramp-up at Kingsrose Mining’s Talang Santo mine. The mine is within the company’s Way Linggo project in south Sumatra. It is awaiting approval from the Indonesian Mines Department for full mining activities to recommence.

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INDONESIA - Orpheus announces ADK resource estimate

Orpheus Energy has announced a JORC-compliant 3.45 million tonne resource at its Kintap ADK mine in Indonesia’s South Kalimantan, confirming up to five years of production at the site.

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INDONESIA - Pan Asia placement raises $560K

Pan Asia Corporation will accelerate exploration studies at its flagship TransCoal Minergy (TCM) project in South Kalimantan after raising $560,000 in a placement of 8 million shares.  1

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INVESTMENT - $192 million for Olaroz lithium project

Joint venture partners Orocobre and Toyota Tsusho Corporation have closed a $192 million debt financing deal with Mizuho Corporate Bank to fund construction of the Olaroz lithium project. The loan has completed the financing plan to complete the project in Jujuy province of northern Argentina.

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