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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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Saturday, 24 October 09
ADANI, MMTC IN RACE TO SUPPLY COAL TO GSECL
Business-Standard reported that, as many as five companies are in fray to supply 15 lakh (1.5 million) metric tonnes of non-coking steam (ther ...
Saturday, 24 October 09
INDONESIA STATE POWER FIRM PLANS TO DELAY COAL SUPPLIES
Indonesia's state-controlled electricity company is negotiating with two coal producing firms to delay plans to supply coal to a power plant in Wes ...
Friday, 23 October 09
MONGOLIA LISTS 8 POTENTIAL BIDDERS FOR COAL PROJECT
Reuters reported that, Mongolia has shortlisted eight potential partners for its huge Tavan Tolgoi coking coal project, according to Temuulen Ganzor ...
Friday, 23 October 09
2010 WILL BE 'BRIDGE YEAR' FOR COAL - CONSOL CHIEF
Mining Weekly reported that, After a difficult 2009, 2010 will likely be a “bridge” year for the US coal industry, followed by improved ...
Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acqu ...
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- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Parliament of New Zealand
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
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