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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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Saturday, 13 February 10
INDONESIA ISSUES NEW MINING REGULATIONS
Indonesia has issued two new regulations under its mining law to allow firms to start obtaining mining permits, in a move that should increase certa ...
Saturday, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
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- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- The University of Queensland
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Australian Coal Association
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
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