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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, 24 December 09
DRY BULK CHARTERING - SHIPPING UPDATE
Handy
Continued firm conditions for the Handymax / Supramax market in the Atlantic despite the BSI´s downward trend. As chrs scramble to cov ...
Thursday, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
...
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- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
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- Parliament of New Zealand
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- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Economic Council, Georgia
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- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Australian Coal Association
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- The University of Queensland
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
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