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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 September 09
TATA POWER SCOUTS FOR COAL BLOCKS ABROAD
Business Standard reported that, private power producer Tata Power is scouting for coal mines abroad, including Australia and Mozambique, to meet de ...
Saturday, 26 September 09
THE INDIA / FAR EAST SEEMS WILL BE FIRM NEXT WEEK - VISTAAR
COALspot.com (Singapore): The dry bulk market was soft this week and the BDI dropped by almost 7 pct to 2,183 points. The cape size index dropped by ...
Saturday, 26 September 09
GSECL PLANS TO PROCURE 15 LAKH (1.5 MILLION) MT OF IMPORTED COAL
Business Standard reported that, State-run power generation company, Gujarat State Electricity Corporation Ltd (GSECL) intends to procure 15 lakh (1 ...
Saturday, 26 September 09
SAIL TO SET UP TWO SLAG-BASED CEMENT MANUFACTURING UNITS
Rediff Business reported that, Government-owned Steel Authority of India Ltd, the country's largest steel producer, is looking to set up two greenf ...
Friday, 25 September 09
INDONESIA STOCK EXCHANGE EXAMINES BUMI DEAL WITH CHINESE SOVEREIGN WEALTH FUND
The Jakarta globe reported that, The Indonesia Stock Exchange is looking into the $1.9 billion financing deal between PT Bumi Resources, the country ...
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- Siam City Cement - Thailand
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
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- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
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- Vedanta Resources Plc - India
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- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
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- Toyota Tsusho Corporation, Japan
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- The State Trading Corporation of India Ltd
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- Planning Commission, India
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- PTC India Limited - India
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
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- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
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- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
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- Pipit Mutiara Jaya. PT, Indonesia
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- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
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- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Parliament of New Zealand
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- Aditya Birla Group - India
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
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- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
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- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
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- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
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- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
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