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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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Tuesday, 26 January 10
AUSTRALIAN FIRM TO MINE COAL IN WEST BENGAL
India Resources Ltd (IRL), a mining firm listed on the Australian Stock Exchange, has decided to enter into contract mining of coal in
India ...
Monday, 25 January 10
MINING GROUPS MAY SEEK JUDICIAL REVIEW OF 2009 LAW
Indonesia’s mining associations said on Wednesday that they planned to seek a judicial review of the 2009 Mining Law this year if they are una ...
Monday, 25 January 10
INDONESIAN GOVERNMENT TO ISSUE REGULATION FOR IMPLEMENTATION OF MINERAL AND COAL MINING BUSINESS ACTIVITIES LAW NO.4 / 2009 SOON
COALspot.com (Indonesia): The government regulation concerning implementation of mineral and coal mining business activities Law no.4 / 2009 is expe ...
Monday, 25 January 10
DUQM IWPP'S COAL REQUIREMENTS PROJECTED AT 3MT PER YEAR
Oman's first coal-fired Independent Water and Power Project (IWPP) planned at Duqm is envisaged to have a feedstock requirement of around 3 million ...
Monday, 25 January 10
THE FUTURES FOR CAPE, PANAMAX AND SUPRAMAX FOR THREE YEARS (2010 - 2012) WAS AT AROUND US$ 32,000, US$ 20,000 AND US$ 17,000 PER DAY RESPECTIVELY
COALspot.com ( Singapore): The freight market remained flat this week the market slight soft.
BDI INDEX
The BDI was down by 95 points and closed ...
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- Petrochimia International Co. Ltd.- Taiwan
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- Baramulti Group, Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Economic Council, Georgia
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- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
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- Central Electricity Authority - India
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- White Energy Company Limited
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- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
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- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
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- VISA Power Limited - India
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- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
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- Singapore Mercantile Exchange
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- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
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- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
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- Price Waterhouse Coopers - Russia
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- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
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- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
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- Orica Australia Pty. Ltd.
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- Directorate General of MIneral and Coal - Indonesia
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- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
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- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
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- Jindal Steel & Power Ltd - India
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- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
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- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
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- Timah Investasi Mineral - Indoneisa
- The University of Queensland
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- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
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