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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, 30 November 09
INDIA UTILITIES MOVE TO COAL INDEX - PRICING
Indian state utilities are leading a switch to coal index-linked pricing from fixed prices to secure imports and to be visibly paying fair market pr ...
Monday, 30 November 09
RECAPITAL TO ACQUIRE BERAU COAL
Unlisted Indonesian coal producer Berau will redeem outstanding bonds before the acquisition by Recapital Advisers is completed by the end of this y ...
Friday, 27 November 09
IMPORTING LIGNITE INTO COAL RICH KOSOVO
Balkan Insight has discovered that one of Kosovo’s biggest firms is being forced to import lignite from Malaysia and Indonesia, despite estima ...
Friday, 27 November 09
SOUTH AFRICA STILL TOPS IN COAL EXPORT RANKINGS
Mining Weekly reported that, Despite significant coal-mining capacity recently discovered in the Southern African region, according to senior coal a ...
Friday, 27 November 09
BHP SEEKS VARIABLE COKING COAL PRICE IN JAPAN, NIKKEI SAYS
Bloomberg reproted that, BHP Billiton Ltd. has asked Japanese steelmakers to move to pricing of coking coal linked to spot rates rather than negotia ...
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- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Planning Commission, India
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- VISA Power Limited - India
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
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