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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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Thursday, 15 July 10
IRON ORE PRICING MECHANISMS PUT ON THE SPOT
THE new iron ore pricing mechanisms that killed off the annual benchmark system are coming under pressure. The spot price of the steel feed has fall ...
Thursday, 15 July 10
NTPC TO PURSUE COAL MINE ACQUISITION IN AUSTRALIA, INDONESIA - BUSINESS STANDARD
Business-Standard reported that, NTPC, the India’s largest power producer, has set the ball rolling to acquire coal mines or form joint ventur ...
Wednesday, 14 July 10
SUCCESSFUL COMMISSIONING OF GTLE LOW RANK COAL UPGRADING PLANT
COALspot.com: GTL Energy Ltd (GTL Energy) announced that construction and commissioning of its proprietary ‘first-of-a-kind’, low rank c ...
Tuesday, 13 July 10
BUMI TO PRODUCE MORE THAN 67 MILLION TONS OF COAL IN 2010
COALspot.com: Bumi resources, Indonesia’s largest coal producer has previewed its operating results in KPC/Arutmin for Jan – Jun 2010. A ...
Tuesday, 13 July 10
FURTHER LOSSES FOR BALTIC DRY INDEX ON HIGH VESSEL SUPPLY
The dry bulk market can’t catch a breath, as it has now entered the 7th straight week of losses. The industry’s benchmark, the Baltic Dr ...
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- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
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- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
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- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
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- Siam City Cement - Thailand
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- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
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- Africa Commodities Group - South Africa
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- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
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- The University of Queensland
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- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
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- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
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- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
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- Mercator Lines Limited - India
- Parliament of New Zealand
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- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
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