SouthGobi Energy Resources and Glencore International AG Sign Marketing Agreement

Alexander Molyneux, President of SouthGobi Energy Resources Ltd., and Gene Wusaty, Chief Operating Officer, announced today that an agreement has been signed with Glencore International AG to provide SouthGobi with coking coal marketing expertise and river barging/vessel loading logistical services for SouthGobi’s Mamahak coal project in East Kalimantan, Indonesia. “We have developed Mamahak... 

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Kalimantan Gold Signs Option on Coal Opportunity

Kalimantan Gold Corporation Limited has signed an Option Agreement with PT Indobara Pratama to bring the coal deposit on IBP’s 100%-owned coal KP into production and acquire up to an 80% interest in IBP. The project is permitted for production and the potential to be an open cut coal deposit. The work done on the Concession to date indicates a potential deposit of between 55-60 million tonnes... 

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SouthGobi Energy Resources Confirms High Quality Metallurgical Coking Coal at the Mamahak Coal Project in East Kalimantan, Indonesia

Peter Meredith, Chief Executive Officer of SouthGobi Energy Resources Ltd., and Gene Wusaty, Chief Operating Officer, Coal Division, announced today that the company has received independent laboratory analysis of a recent bulk sample that confirms high volatile, high-fluidity metallurgical coking coal at the Mamahak coal project in East Kalimantan, Indonesia. SouthGobi owns 85% of the Mamahak coal... 

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KAL Energy Enters Into Amended Royalty Agreement

KAL Energy, Inc., a thermal coal explorer and developer, today announced that it has successfully amended the terms of its royalty agreement with Concord International. Under the terms of the new agreement, the Company will pay royalties as follows: 1. For all coal sales under $40 per metric ton the royalty is reduced from $0.40 per metric ton, indexed annually with inflation, to $0.20 per metric... 

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KAL Energy Inc. Opens Office in Jakarta and Completes Restructuring

KAL Energy, Inc., a thermal coal exploration and development company, announced the opening of its Jakarta office and the completion of its extensive company restructuring. William Bloking, executive chairman and president of KAL Energy, Inc. said, “I am pleased to report that, in line with last quarter’s announcement, the move to Jakarta was completed on time and on budget. We believe... 

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KAL Energy, Inc. — Exploration Program Surpasses 3000m of Drilling Milestone, Hits Weekly Productivity Record

KAL Energy, Inc is pleased to announce that over 3000m of drilling has been completed of its previously announced $2 million Phase 1 Exploration program on its Thermal Coal Project in East Kalimantan, Indonesia. This program includes extensive drilling, trenching, sampling and mapping of known geological structures, and exploration for unknown structures. Over the past week KAL’s exploration... 

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KAL Energy Signs Agreement With Thatcher Mining Pte Ltd. to Acquire Coal Concessions in Indonesia

KAL Energy Inc. is pleased to announce an agreement has been signed with Thatcher Mining Pte Ltd. “Thatcher”, a company incorporated in Singapore. Under the agreement KAL will acquire 100% of Thatcher by issuing 32,000,000 restricted shares. Thatcher has the rights to two large coal concessions situated near the Mahakam River in North Eastern Kalimantan, Indonesia. The closing of the transaction...