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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, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...
Tuesday, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...
Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...
Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands.
The Viet Nam Coal ...
Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...
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- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
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