COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 16 December 09
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL INTERESTS


Emerging coal producer Kangaroo Resources has significantly enhanced its production pipeline in Indonesia after reaching agreement to acquire a coking coal project in East Kalimantan.

Under an agreement with TSX-listed mining company SouthGobi Energy Resources Kangaroo will acquire all of SGER’s mining assets in Indonesia, including their 85% interest in the Mamahak Coking Coal Project for US$1 million in cash and the issue of 50 million KRL shares.

The acquisition increases the total number of coal projects in KRL’s portfolio to eight, representing another major milestone in the Company’s rapid transformation into a significant Indonesian coal producer.

The Mamahak Project has a JORC resource of 10.22Mt of high-quality coking coal, extensive infrastructure capable of supporting up to 1.5Mtpa coal production and a large 30,000 tonne coking coal stockpile ready for immediate delivery.

The acquisition is consistent with KRL’s strategy of building a sustainable mid-tier mining house over the medium term, focusing on Indonesian coal and using the considerable experience and expertise of its exceptional in-country partners.

Kangaroo’s strategy entails vending in valuable new coal projects, while at the same time continuing to work towards production in the short term from at least two existing projects. The Company is targeting up to 1-2 million tonnes* production in 2010, ramping up progressively thereafter to ultimately achieve up to +10 million tonnes coal per annum from operations within 2-3 years.

Kangaroo Resources
Kangaroo Resources Limited is a coal-focused Company on the Australian Securities Exchange (ASX:KRL). The Company is debt-free and has coal assets in Indonesia, as well as various assets in Australia, including iron ore, base metals and gold.  Kangaroo Resources will be targeting production from its first coal operation in Indonesia in December 2009 and plans to bring other coal mines into production thereafter. The Company ultimately aims to leverage off its strong Indonesian relationships to build a robust mining house, with strong cash flows and an exciting funnel of new projects.
Source: Proactive Investors



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 22 May 10
INDUSTRY QUESTIONS STEAM COAL PRICE ANOMALY
Five South Korean utilities have secured a deal for 3.13 million tonnes of Australian thermal coal with a calorific value of 6,080kcal/kg for delive ...


Wednesday, 19 May 10
DRY BULK FREIGHT RATES' RALLY MAY BE SET TO END
The Baltic Dry Index (BDI) has rallied these past couple of weeks, almost touching the 4,000 point mark. But this positive development for dry bulk ...


Wednesday, 19 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE LENGTHENS
Coal shipments from Australia's Newcastle port, the world's biggest export harbor for the fuel used in power stations, rose 2.9 percent last week ...


Tuesday, 18 May 10
THE BDI HIT A FIVE-MONTH HIGH AT THE CLOSE OF LAST WEEK
According to BRS, One of the oldest ship broker, at 3,929 points, the BDI hit a five-month high at the close of last week. The Capesize four time ch ...


Tuesday, 18 May 10
COAL TRADER CHINA QINFA TO BUY TWO BULK CARRIERS FOR 69 MLN USD
China Qinfa Group, a leading non-State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay 69 million U. ...


   1164 1165 1166 1167 1168   
Showing 5826 to 5830 news of total 6871
News by Category
Popular News
 
Total Members : 28,623
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Alfred C Toepfer International GmbH - Germany
  • Toyota Tsusho Corporation, Japan
  • Tamil Nadu electricity Board
  • Barasentosa Lestari - Indonesia
  • Star Paper Mills Limited - India
  • Aboitiz Power Corporation - Philippines
  • IBC Asia (S) Pte Ltd
  • International Coal Ventures Pvt Ltd - India
  • Central Electricity Authority - India
  • GHCL Limited - India
  • Electricity Authority, New Zealand
  • Inspectorate - India
  • Mercator Lines Limited - India
  • J M Baxi & Co - India
  • Infraline Energy - India
  • Indonesian Coal Mining Association
  • Meenaskhi Energy Private Limited - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Moodys - Singapore
  • Commonwealth Bank - Australia
  • Cemex - Philippines
  • IOL Indonesia
  • Japan Coal Energy Center
  • Central Java Power - Indonesia
  • Indika Energy - Indonesia
  • Posco Energy - South Korea
  • Sakthi Sugars Limited - India
  • AsiaOL BioFuels Corp., Philippines
  • Kartika Selabumi Mining - Indonesia
  • Enel Italy
  • Ministry of Transport, Egypt
  • JPMorgan - India
  • Energy Development Corp, Philippines
  • Kobexindo Tractors - Indoneisa
  • Maheswari Brothers Coal Limited - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • KOWEPO - South Korea
  • Karbindo Abesyapradhi - Indoneisa
  • Mechel - Russia
  • Antam Resourcindo - Indonesia
  • Jaiprakash Power Ventures ltd
  • Gujarat Mineral Development Corp Ltd - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Maersk Broker
  • TGV SRAAC LIMITED, India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • PLN - Indonesia
  • Argus Media - Singapore
  • PTC India Limited - India
  • Coastal Gujarat Power Limited - India
  • Sindya Power Generating Company Private Ltd
  • Sical Logistics Limited - India
  • Makarim & Taira - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Bank of America
  • ING Bank NV - Singapore
  • MS Steel International - UAE
  • Australian Commodity Traders Exchange
  • Mintek Dendrill Indonesia
  • SMG Consultants - Indonesia
  • Agrawal Coal Company - India
  • Thiess Contractors Indonesia
  • Russian Coal LLC
  • Singapore Mercantile Exchange
  • Karaikal Port Pvt Ltd - India
  • CESC Limited - India
  • Larsen & Toubro Limited - India
  • Platts
  • Wilmar Investment Holdings
  • Glencore India Pvt. Ltd
  • Thriveni
  • Cigading International Bulk Terminal - Indonesia
  • Banpu Public Company Limited - Thailand
  • Indogreen Group - Indonesia
  • London Commodity Brokers - England
  • Aditya Birla Group - India
  • Jindal Steel & Power Ltd - India
  • PNOC Exploration Corporation - Philippines
  • Adani Power Ltd - India
  • Ind-Barath Power Infra Limited - India
  • Minerals Council of Australia
  • PetroVietnam Power Coal Import and Supply Company
  • Freeport Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Siam City Cement PLC, Thailand
  • Mitra SK Pvt Ltd - India
  • Clarksons - UK
  • GVK Power & Infra Limited - India
  • Bangladesh Power Developement Board
  • Indian Energy Exchange, India
  • Altura Mining Limited, Indonesia
  • Coal India Limited
  • Indian School of Mines
  • Cement Manufacturers Association - India
  • Vizag Seaport Private Limited - India
  • Bharathi Cement Corporation - India
  • Jorong Barutama Greston.PT - Indonesia
  • TRAFIGURA, South Korea
  • Global Green Power PLC Corporation, Philippines
  • Rudhra Energy - India
  • Surastha Cement
  • World Bank
  • Wood Mackenzie - Singapore
  • Independent Power Producers Association of India
  • CoalTek, United States
  • Kideco Jaya Agung - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Leighton Contractors Pty Ltd - Australia
  • Tata Chemicals Ltd - India
  • Arutmin Indonesia
  • Bhatia International Limited - India
  • Asia Cement - Taiwan
  • GMR Energy Limited - India
  • Straits Asia Resources Limited - Singapore
  • Noble Europe Ltd - UK
  • Simpson Spence & Young - Indonesia
  • Berau Coal - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Bahari Cakrawala Sebuku - Indonesia
  • Shenhua Group - China
  • European Bulk Services B.V. - Netherlands
  • Shree Cement - India
  • GN Power Mariveles Coal Plant, Philippines
  • Kumho Petrochemical, South Korea
  • Carbofer General Trading SA - India
  • Asmin Koalindo Tuhup - Indonesia
  • Africa Commodities Group - South Africa
  • Grasim Industreis Ltd - India
  • GNFC Limited - India
  • New Zealand Coal & Carbon
  • RBS Sempra - UK
  • Manunggal Multi Energi - Indonesia
  • U S Energy Resources
  • Bank of China, Malaysia
  • Parry Sugars Refinery, India
  • Thai Mozambique Logistica
  • Pendopo Energi Batubara - Indonesia
  • Price Waterhouse Coopers - Russia
  • The University of Queensland
  • Petron Corporation, Philippines
  • ASAPP Information Group - India
  • Edison Trading Spa - Italy
  • Romanian Commodities Exchange
  • Globalindo Alam Lestari - Indonesia
  • Orica Australia Pty. Ltd.
  • Global Business Power Corporation, Philippines
  • KPMG - USA
  • Neyveli Lignite Corporation Ltd, - India
  • Bangkok Bank PCL
  • Cargill India Pvt Ltd
  • Kobe Steel Ltd - Japan
  • Directorate Of Revenue Intelligence - India
  • CCIC - Indonesia
  • JPower - Japan
  • Coaltrans Conferences
  • EMO - The Netherlands
  • Intertek Mineral Services - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Eastern Coal Council - USA
  • NALCO India
  • Bulk Trading Sa - Switzerland
  • Electricity Generating Authority of Thailand
  • Permata Bank - Indonesia
  • World Coal - UK
  • Credit Suisse - India
  • The India Cements Ltd
  • Sarangani Energy Corporation, Philippines
  • Panama Canal Authority
  • Mitsubishi Corporation
  • Bayan Resources Tbk. - Indonesia
  • TNPL - India
  • GAC Shipping (India) Pvt Ltd
  • Rio Tinto Coal - Australia
  • Malabar Cements Ltd - India
  • Qatrana Cement - Jordan
  • UOB Asia (HK) Ltd
  • MEC Coal - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Coeclerici Indonesia
  • Medco Energi Mining Internasional
  • Xindia Steels Limited - India
  • Planning Commission, India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Samsung - South Korea
  • Britmindo - Indonesia
  • ICICI Bank Limited - India
  • PetroVietnam
  • SMC Global Power, Philippines
  • Indo Tambangraya Megah - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • South Luzon Thermal Energy Corporation
  • Gresik Semen - Indonesia
  • Idemitsu - Japan
  • WorleyParsons
  • Formosa Plastics Group - Taiwan
  • Arch Coal - USA
  • Timah Investasi Mineral - Indoneisa
  • BNP Paribas - Singapore
  • Kepco SPC Power Corporation, Philippines
  • Binh Thuan Hamico - Vietnam
  • Asian Development Bank
  • Merrill Lynch Commodities Europe
  • Jatenergy - Australia
  • Adaro Indonesia
  • NTPC Limited - India
  • ANZ Bank - Australia
  • Maharashtra Electricity Regulatory Commission - India
  • India Bulls Power Limited - India
  • globalCOAL - UK
  • Sucofindo - Indonesia
  • Vitol - Bahrain
  • SRK Consulting
  • Oldendorff Carriers - Singapore
  • Billiton Holdings Pty Ltd - Australia
  • Port Waratah Coal Services - Australia
  • Inco-Indonesia
  • Madhucon Powers Ltd - India
  • Pinang Coal Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Miang Besar Coal Terminal - Indonesia
  • Savvy Resources Ltd - HongKong
  • Platou - Singapore
  • Kaltim Prima Coal - Indonesia
  • SGS (Thailand) Limited
  • Salva Resources Pvt Ltd - India
  • Maybank - Singapore
  • Australian Coal Association
  • Xstrata Coal
  • Uttam Galva Steels Limited - India
  • Reliance Power - India
  • PLN Batubara - Indonesia
  • Gujarat Sidhee Cement - India
  • TANGEDCO India
  • Parliament of New Zealand
  • Fearnleys - India
  • Mitsui
  • McConnell Dowell - Australia
  • BRS Brokers - Singapore
  • Samtan Co., Ltd - South Korea
  • SN Aboitiz Power Inc, Philippines
  • Holcim Trading Pte Ltd - Singapore
  • ACC Limited - India
  • Cardiff University - UK
  • Chamber of Mines of South Africa
  • Latin American Coal - Colombia
  • Total Coal South Africa
  • Thomson Reuters GRC
  • Marubeni Corporation - India
  • Cosco
  • GB Group - China
  • Renaissance Capital - South Africa
  • Rashtriya Ispat Nigam Limited - India
  • EIA - United States
  • Peabody Energy - USA
  • Coal Orbis AG
  • Riau Bara Harum - Indonesia
  • Geoservices-GeoAssay Lab
  • Lanco Infratech Ltd - India
  • Essar Steel Hazira Ltd - India
  • Mercuria Energy - Indonesia
  • Baramulti Group, Indonesia
  • Eastern Energy - Thailand
  • Ministry of Finance - Indonesia
  • UBS Singapore
  • Orica Mining Services - Indonesia
  • Vedanta Resources Plc - India
  • KPCL - India
  • Chettinad Cement Corporation Ltd - India
  • Barclays Capital - USA
  • McKinsey & Co - India
  • Semirara Mining Corp, Philippines
  • Sree Jayajothi Cements Limited - India
  • CIMB Investment Bank - Malaysia
  • Bukit Makmur.PT - Indonesia
  • Anglo American - United Kingdom
  • LBH Netherlands Bv - Netherlands
  • Bhoruka Overseas - Indonesia
  • White Energy Company Limited
  • Ernst & Young Pvt. Ltd.
  • Coal and Oil Company - UAE
  • The State Trading Corporation of India Ltd
  • HSBC - Hong Kong
  • Sinarmas Energy and Mining - Indonesia
  • Interocean Group of Companies - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Georgia Ports Authority, United States
  • Core Mineral Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • KEPCO - South Korea
  • Power Finance Corporation Ltd., India
  • Metalloyd Limited - United Kingdom
  • The Treasury - Australian Government
  • Ambuja Cements Ltd - India
  • Trasteel International SA, Italy
  • Meralco Power Generation, Philippines
  • Deutsche Bank - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Lafarge - France
  • Global Coal Blending Company Limited - Australia
  • Mjunction Services Limited - India
  • Ince & co LLP
  • Gupta Coal India Ltd
  • Siam City Cement - Thailand
  • Videocon Industries ltd - India
  • Attock Cement Pakistan Limited
  • Vale Mozambique
  • Kalimantan Lumbung Energi - Indonesia
  • Heidelberg Cement - Germany
  • OCBC - Singapore
  • IMC Shipping - Singapore
  • Dalmia Cement Bharat India
  • Semirara Mining and Power Corporation, Philippines
  • Borneo Indobara - Indonesia
  • San Jose City I Power Corp, Philippines
  • ETA - Dubai
  • Humpuss - Indonesia
  • Cebu Energy, Philippines
  • Runge Indonesia
  • bp singapore
  • Goldman Sachs - Singapore
  • Sojitz Corporation - Japan
  • Indian Oil Corporation Limited
  • DBS Bank - Singapore
  • CNBM International Corporation - China
  • Deloitte Consulting - India
  • Coalindo Energy - Indonesia
  • Merrill Lynch Bank
  • Thailand Anthracite
  • Indorama - Singapore
  • TeaM Sual Corporation - Philippines
  • APGENCO India
  • Indonesia Power. PT
  • Thermax Limited - India
  • Standard Chartered Bank - UAE
  • SUEK AG - Indonesia
  • IEA Clean Coal Centre - UK
  • Energy Link Ltd, New Zealand
  • SASOL - South Africa
  • Tanito Harum - Indonesia
  • VISA Power Limited - India
  • Maruti Cements - India
  • Petrosea - Indonesia
  • Tata Power - India
  • Economic Council, Georgia
  • Bukit Baiduri Energy - Indonesia
  • Malco - India
  • PowerSource Philippines DevCo
  • Directorate General of MIneral and Coal - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Bhushan Steel Limited - India
  • Therma Luzon, Inc, Philippines
  • Iligan Light & Power Inc, Philippines
  • Ministry of Mines - Canada