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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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Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...
Monday, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
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- Bhushan Steel Limited - India
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- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
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- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
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- International Coal Ventures Pvt Ltd - India
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- Kideco Jaya Agung - Indonesia
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- Rashtriya Ispat Nigam Limited - India
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- Xindia Steels Limited - India
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- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
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- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
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- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
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- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
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- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
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- Singapore Mercantile Exchange
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- IEA Clean Coal Centre - UK
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- Jaiprakash Power Ventures ltd
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- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
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- Global Business Power Corporation, Philippines
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- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
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