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Tuesday, 27 July 10
KANGAROO RESOURCES INKS 297MT COAL RESOURCE FOR TANUR JAYA PROJECT
 Kangaroo Resources has reported JORC Code compliant open cut Coal Resources totalling 297 million tonnes for the Tanur Jaya Coal Project in East Kalimantan, Indonesia, comprising 59Mt of Measured Resources, 107Mt of Indicated Resources and 131Mt of Inferred Resources.
The open cut Coal Reserves are estimated to total 80Mt, of which 15Mt are classed as Proved and 65Mt as Probable. Mining operations are targeted to commence at Tanur Jaya during the 2011 financial year.
The independent JORC Resource and Reserve Statement – which was produced by PT Runge Indonesia, and issued under the Minarco-MineConsult (MMC) name. MMC is an associated entity.
The Statement was based on drilling programs undertaken at Tanur Jaya in 2009 and represents an "excellent" result for Kangaroo and its joint venture partner, demonstrating the robust nature of the Project.
Mark O’Keeffe, managing director, said the completion of the resources and reserve statement for the Tanur Jaya Project represented another very positive milestone for the company as it continues to ramp up coal production in Indonesia.
“The completion of the coal resource and reserve statement was high on our list of priorities and, was better than expected - achieving nearly three times the initial targeted resource."
"The mining reserve of 80 million tonne shows the Project is robust and we are excited about moving it toward production,” O’Keefe said.
“We will now move quickly towards finalising a decision to mine in consultation with our joint venture partners and we expect to confirm this production plan over the coming months,” he added.
Kangaroo is currently completing an investment participation that will allow it to ultimately acquire a 49% interest (subject to completion of investments terms) in the Tanur Jaya Project, which is expected to become its next operating coal project in Indonesia.
The new resource and reserve statement, in conjunction with a Life of Mine (LOM) Study, Market Report, Coal Price Forecast Report, and Geotechnical Investigation for Feasibility Study on Pit Design will now be utilised in preparation for the start of mining operations at Tanur Jaya.
The Coal Resources average coal quality is TM 39.1% (ar), IM 18.6% (adb), CV 5,255kcal/kg (adb) and 3,930kcal/kg (gar), ash 5.1% (adb), sulphur 0.13% (adb) and RD 1.36 (adb).
Coal Reserves average coal quality is TM 39.2% (ar), CV 3,834kcal/kg (gar), ash 5.0% (ar), sulphur 0.10% (ar) and RD 1.26 (ar).
The Tanur Jaya Project is an advanced coal concession located a short distance to the north east of Kangaroo’s existing GPK Project.
The company is targeting a start-up production rate of up to 50,000 tonnes per month with planned production then targeted to ramp up to 2Mtpa in late 2011 and increase to 4Mtpa during 2012.
The annual production schedule is commencing at 2Mtpa in FY 2011 and ramping up to 4Mtpa with five-yearly increments to the end of the known mine life.
The conceptual life-of-mine study completed for Tanur Jaya was based on its development as a multi-seam, low-dip open cut coal mine.
Source: Proactive Investors
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Saturday, 02 October 10
FOUR INDONESIAN COAL FIRMS KEEN TO TIE UP WITH NALCO - SIFY
Sify reported that, Four Indonesian coal companies have shown interest to tie up with public sector National Aluminium Company (Nalco) for its 4 bil ...
Friday, 01 October 10
COAL TRADERS POWER FOREIGN ASSET BUYS - ECONOMIC TIMES
Economic Times reported that, the rush to own coal assets is leading to innovative alliances. are teaming up with utilities like , Reliance Power an ...
Thursday, 30 September 10
LOW CALORIFIC VALUE COAL MAY BE SOLD BELOW COAL REFERENCE PRICE IN INDONESIA
COALspot.com: Indonesia, the world’s largest coal exporter has issued another ministerial decree to regulate the selling price of coal of Indo ...
Thursday, 30 September 10
INITIAL PHASE OF MOATIZE MINING BY EARLY NOVEMBER - ALL AFRICA
All Africa report that, the initial phase of mining coal at Moatize, in the western Mozambican province of Tete, will begin by early November, and t ...
Thursday, 30 September 10
THE PANAMAX CONTINUED ITS DOWNWARD TREND FROM LAST WEEK - FEARNBULK
HANDY
Activity remains slow this week combined with a lack of fresh enquiry and tonnage over-supply in the Atlantic. Indexes are all negative exce ...
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- The University of Queensland
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Indian Oil Corporation Limited
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
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