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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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Sunday, 28 February 10
CONTINENTAL TARGETS COAL SALES FROM S AFRICA MINE IN Q2 - MINING WEEKLY
Mining weekly reported that, Junior coal explorer Continental Coal would start coal sales from its Vlakvarkfontein mine, in South Africa, in the sec ...
Friday, 26 February 10
BANPU PROFITS SURGE BY 54% TO RECORD B14BN ON BRISK SALES
Banpu Plc, Asean's largest coal miner, said its earnings surged to a record high of 14.23 billion baht last year, an increase of 54% on the previou ...
Thursday, 25 February 10
INDO / INDIA COAL TRIPS SUPRAS CAN ACHIEVE AROUND MID 10S - FEARNLEYS AS
Handy
The BSI regained positive momentum exactly a week ago and the Atlantic rema ...
Thursday, 25 February 10
STEEP RISE IN COAL IMPORTS REQUIRED TO POWER INDIA - MONEYLIFE
The power ministry has estimated coal imports of 48 million tonnes in FY10-11, sharply higher than the expected imports of 28mt in the current fisca ...
Wednesday, 24 February 10
CHINA IMPORTED 8.81 MLN TONS OF INDONESIAN COAL IN JANUARY 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons of coal last month, compared with 27.46 million tons in a ...
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- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
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- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- McConnell Dowell - Australia
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- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
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- Wood Mackenzie - Singapore
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- The State Trading Corporation of India Ltd
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- Indian Energy Exchange, India
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- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
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- Parliament of New Zealand
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
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- Indian Oil Corporation Limited
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- Electricity Generating Authority of Thailand
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- Romanian Commodities Exchange
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- Bhoruka Overseas - Indonesia
- Planning Commission, India
- TeaM Sual Corporation - Philippines
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- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Australian Coal Association
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- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
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- Goldman Sachs - Singapore
- Aditya Birla Group - India
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- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
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- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- The University of Queensland
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
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- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
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- Mercator Lines Limited - India
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- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
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- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
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- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
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- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
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