Sabtu, 17 Mei 2014
KANGAROO RESOURCES LIMITED
11.03
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http://www.kangarooresources.com/
Kangaroo Resources Limited is a coal-focused Company on the
Australian Securities Exchange (ASX:KRL). The Company currently has
direct and indirect interests in 14 coal assets in Indonesia, as well as
one further mineral asset (Mt Ruby) in Queensland, Australia. Two of
the Indonesian coal assets (GPK & MCM) in Kutai Barat regency, East
Kalimantan are already in an active development phase. GPK is currently
awaiting final forestry permits before being able to commence
construction and mining activities. MCM has already conducted trial
mining and intermittent shipping of coal from an interim jetty on the
Mahakam River has been ongoing since Q2 of 2012. Planning for additional
exploration is underway on 3 other coal assets adjacent to MCM (BKL,
MEL & MBE) to establish overall reserves before finalizing plans for
more substantial regional infrastructure. Kangaroo Resources is also
refining regional development plans for the exploration and development
of a further 9 coal assets (Pakar) in Kutai Kartanegara regency, East
Kalimantan. The 9 Pakar coal assets were acquired by the Company in 2011
under an agreement with Indonesian public listed mining company Bayan
Resources. As a result of the Pakar transaction, Bayan now hold a
majority 56% interest in Kangaroo Resources. With its significantly
expanded asset portfolio along with its close association with a major
Indonesian coal mining group, the Company has outstanding growth
potential and when coupled with a focused strategy, Kangaroo Resources
represents an attractive long term opportunity for Australian investors.
Current Share Price (delayed 20mins)
©Kangaroo Resources Limited
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