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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, 07 January 10
RAMKY PLANS COAL MINING IN INDONESIA
Ramky Infrastructure Limited, a Hyderabad-based integrated infrastructure construction and development management company with strategic emphasis on ...
Thursday, 07 January 10
INDONESIAS COAL OUTPUT MAY RISE TO 309 MILLION TONS IN 2014 - BLOOMBERG
Indonesia’s coal production may rise to 309 million tons by 2014 from an estimated 250 million tons this year, Bambang Setiawan, director-gene ...
Wednesday, 06 January 10
RICHARDS BAY SAYS 46% OF COAL EXPORTS WENT TO EUROPE
Richards Bay Coal Terminal, through which almost all of South Africa’s coal exports are routed, said 46 percent of the coal it exported in 200 ...
Wednesday, 06 January 10
CHINA-AUSTRALIA INVESTMENT TIES SEEN IMPROVING IN 2010
Australia and China showed a united front in a bid to improve investment ties as they signed a $3-billion coal deal on Wednesday, following a rocky ...
Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010
The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday.
Bambang Setiawan, the director general of mineral r ...
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- GN Power Mariveles Coal Plant, Philippines
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- Eastern Coal Council - USA
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- Sojitz Corporation - Japan
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- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
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- IHS Mccloskey Coal Group - USA
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- Goldman Sachs - Singapore
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
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- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Coal and Oil Company - UAE
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- Semirara Mining Corp, Philippines
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- Toyota Tsusho Corporation, Japan
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- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
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- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
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- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
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- London Commodity Brokers - England
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- Chamber of Mines of South Africa
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- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
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- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
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- Timah Investasi Mineral - Indoneisa
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- Latin American Coal - Colombia
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- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
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- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
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- ICICI Bank Limited - India
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
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- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
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- India Bulls Power Limited - India
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- Minerals Council of Australia
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- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
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- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
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- Energy Link Ltd, New Zealand
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- CIMB Investment Bank - Malaysia
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