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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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Wednesday, 13 January 10
CONSOL SELLS FIRST COAL TO CHINA
Coal and natural gas company CONSOL Energy Inc.made its first sale of high-volume coking coal to Asia from its Bailey Mine in Northern Appalachia. T ...
Tuesday, 12 January 10
COAL PRICE FORECAST RAISED AT ANZ ON STRONGER CHINESE DEMAND
Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from Chin ...
Tuesday, 12 January 10
BUMIS SALE CONTRACT ONLY REACHED 35 PERCENT
PT Bumi Resources has only completed 35 percent if its coal sale contract this year. “More than 65 percent of our sale volume did not have a c ...
Monday, 11 January 10
THE MARKET IS LIKELY TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market for the first week of the year was quite active and the market especially in the Panamax and Supramax s ...
Monday, 11 January 10
CHINAS COAL EXPORT MAY DECLINE 50% IN 2009
Preliminary data released by China's General Administration of Customs (GAC) on Wednesday showed that China's coal export reached 2.05 million ton ...
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- CNBM International Corporation - China
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- The University of Queensland
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
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