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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
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Thursday, 01 April 10
OWNERS WERE STILL BULLISH ON SHORT PERIOD NUMBERS, BUT CHARTERERS IN GENERAL WERE NOT READY TO PAY - BRS
SUPRA / HANDY
After several weeks of a rising market, the BSI lost 9% last week to close on Friday at US$ 27,677 per day for the TC routes. ...
Thursday, 01 April 10
PROFIT AT TWO INDONESIAN COAL MINERS SOARS AS RECOVERY STIRS GREATER DEMAND, HIGHER PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Two of the country’s biggest coal producers enjoyed a surge in profit last year as prices rose and demand pic ...
Thursday, 01 April 10
BHP BILLITON TO SELL STAKE IN MARUWAI TO ADARO - THE JAKARTA POST
The Jakarta Posted reported that, BHP Billiton has agreed to sell 25 percent of its stake in the Maruwai Coal Project in Kalimantan to Indonesia&rsq ...
Thursday, 01 April 10
AUSTRALIAN COAL PRODUCER REJECTS $3 BILLION PEABODY OFFER - STL TODAY
STL today reported that, Australian coal producer Macarthur Coal Ltd. rejected a $3 billion cash takeover bid from Peabody Energy Corp., which seeks ...
Thursday, 01 April 10
TATA POWER EYES MORE COAL FROM INDONESIA FOR ITS FUTURE PLANTS - FINANCIAL EXPRESS
Financial Expressreported that, Tata Power, one of the largest private sector power utilities in the country with interests in generation, transmiss ...
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- ICICI Bank Limited - India
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- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
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- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
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- Indian Energy Exchange, India
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- Jaiprakash Power Ventures ltd
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- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
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- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
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- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
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- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
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- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
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- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
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- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- The University of Queensland
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- Formosa Plastics Group - Taiwan
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- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
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- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
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- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
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- Ministry of Mines - Canada
- Eastern Coal Council - USA
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- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
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- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
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- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Planning Commission, India
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- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
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- New Zealand Coal & Carbon
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- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
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- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- VISA Power Limited - India
- MS Steel International - UAE
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