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Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
 International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in East Kalimantan - just six weeks after acquiring an 85% interest in the project.
The operational team has now completed the removal of overburden and exposed up to 15,000 tonnes of fresh coal for mining. Mining of this material is now underway.
The coal seams lie near-surface resulting in a lower strip ratio and corresponding lower operational costs. All coal will ultimately be transported to the stockpile facility at the port loading terminal for barging down the Mahakam River.
Kangaroo is targeting initial production of up to 30,000 tonnes of coal per month from Mamahak. The commencement of mining at Mamahak represents a great achievement for the Company and is well ahead of schedule.
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"We are very pleased to add the Mamahak Coal Mine to the Company’s portfolio, with significant infrastructure on-site available to immediately begin ramping up to more substantial volumes" - Mr O’Keeffe
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KRL acquired the Mamahak Project as part of a portfolio of Indonesian mining interests purchased from TSX-listed company South Gobi Energy Resources in December 2009. The project includes a JORC compliant resource of 10.22Mt of 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 shipping.
The previous operators estimated up to 30,000 tonnes of coal within the operating Mining Block, however the Company’s evaluation of this SW Block has identified significant additional potential tonnage, with an estimated target of up to 270,000 to 600,000 tonnes.
Kangaroo Managing Director Mark O'Keefe said the company was now very optimistic of defining and increasing the coal inventory in the SW Block and also within the four additional Mining Blocks within the concession by conducting the necessary further detailed works.
"Initial production of up to 30,000 tonnes of coal per month will provide the Company with an immediate net cash income stream moving forward," Mr O'Keefe said.
"The Company’s strategy is to reinvest this cash to further develop Mamahak as well as other projects in its portfolio to achieve its ultimate objective of becoming a +10Mtpa international coal producer."
In addition to the commencement of mining operations, Kangaroo is commencing the transportation of the 30,000 tonne coking coal stockpile to the Balikpapan Coal Terminal.
The Company is currently negotiating the sale of this coal to a third party with a view to establishing a strategic long term relationship for the Company.
Mr O’Keeffe said the speed with which the company had been able to turn around Mamahak into an operational coal mine was testament to its Indonesian partners.
"We are very pleased to add the Mamahak Coal Mine to the Company’s portfolio, with significant infrastructure on-site available to immediately begin ramping up to more substantial volumes," he said.
“This diversifies our product mix and strengthens the cash flows now being generated from our coal operations in Indonesia. This will help to support our overall corporate and strategic objective of becoming a substantial international coal producer."
Source: Proactive Investors
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Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
Tuesday, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged
* April DES cargo trades at $74.75 a tonne, down $1/T
* Russia's Kuzbassrazrezugol sees ...
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Showing 6011 to 6015 news of total 6871 |
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- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- PTC India Limited - India
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Planning Commission, India
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- VISA Power Limited - India
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
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