A small grab on Kangaroo Resources -
Kangaroo Resources Limited (ASX: KRL) is an emerging international mining Company with seven advanced coal projects in the East Kalimantan region of Indonesia.
The Companys projects host significant coking and thermal coal resources which will see KRL emerge as a significant Indonesian coal producer, with first production due to commence in December 2009.
KRL is committed to building a sustainable mid-tier mining house, focusing on Indonesian coal and using the considerable experience and expertise of its exceptional in-country partners to fast track development and production.
The Companys medium term 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 +10million tonnes coal per annum from operations within three years.
nice announcement, page-19
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