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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, 16 September 09
NAPOCOR GETS 3 OFFERS IN COAL TENDER
ABS-CBN news reported that, The Philippines' state-run National Power Corp. (Napocor) said on Wednesday it received offers from 3 Indonesian firms ...
Wednesday, 16 September 09
S.KOREA KOSEP BUYS 1.06 MLN T COAL-SOURCE
* 6,080 kcal/kg at $63-65, 4,900-5,350 kcal/kg at $56-58
* Initially about 5 mln T offered for tender
Reuters reported that, Korea South ...
Tuesday, 15 September 09
CHINA COAL EXPORT ROSE M-O-M FOR THE STRAIGHT 3 MONTHS
Alibaba reported that, In the January-August period, China coal exports slid by 55.9% to 14.83mln tons month on month. In August, China exported 1.9 ...
Monday, 14 September 09
CIL MAY REDUCE FLOOR PRICE OF E-AUCTION COAL
After receiving a lukewarm response to the forward e-auction started in two of its subsidiaries, Coal India Limited (CIL) is mulling to reduce the f ...
Monday, 14 September 09
INDONESIAN GOVT UPBEAT ABOUT $1.5B, 185-KM COAL RAILWAY PROJECT
In addition to a 30-year concession right, the government will also award a competitive pricing scheme as an incentive to lure investors in a US$1.5 ...
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- Ministry of Finance - Indonesia
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- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
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- CNBM International Corporation - China
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- Ceylon Electricity Board - Sri Lanka
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- Planning Commission, India
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- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
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- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- PTC India Limited - India
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- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Indian Energy Exchange, India
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- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
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- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
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- Australian Commodity Traders Exchange
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- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Australian Coal Association
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
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- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
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- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
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