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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, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
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- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Parliament of New Zealand
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- The University of Queensland
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
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