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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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Wednesday, 23 September 09
TATA POWER TO COMMISSION 2 UNITS OF MUNDRA UMPP BY FEB 2012
Business Standard reported that, the country's largest private power producer Tata Power today said it would commission 1,600 MW capacity of its 4, ...
Wednesday, 23 September 09
NAVA BHARAT TO ADD 300MW CAPACITY, RAISE RS1,386 CRORE (US$ 289,674,610)
The firm plans to place orders for equipment by the end of October and commission both the plants by April 2012 to sell power in the open market
...
Tuesday, 22 September 09
ASIA COAL-PRICES TOPS $70 AS TRADERS SEEK BARGAINS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, rose for the second week to top $70 a tonne this week, clawi ...
Tuesday, 22 September 09
QINHUANGDAO COAL PRICES SURGE ON STRONG DEMAND
People's Daily Online reported that, Coal prices at Qinhuangdao port, China's largest coal port, witnessed the sharpest increase in the year last ...
Tuesday, 22 September 09
SHORT PERIOD RATE FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI just dropping by about 5 pct to 2,356 points last week. The change ...
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- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- VISA Power Limited - India
- Australian Coal Association
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Aditya Birla Group - India
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Bhatia International Limited - India
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