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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Rio’s Exploration Scorecard

For major mining companies such as Rio Tinto and BHP Billiton, the future life is a combination of their exploration work and enterprise: to find things on their own, to be approached by other companies in deals , or make acquisitions. Rio growth with Alcan bought last year and is now off fighting an attempt by BHP Billiton to do that to himself. Rio says the bid does not evaluate it properly. In its... 

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Tenaga Receives Offer For Coal Mining Asset

Tenaga Nasional Bhd has received proposals from several major Indonesian companies to buy its 92.5 percent equity interest in TNB Coal International Ltd, sources said. PT Adaro, Indonesia’s largest coal producer, and PT Pamapersada Nusantara (PAMA) had submitted proposals to acquire the stake from Tenaga, Malaysia’s largest utility company, the sources told Bernama today. PT Adaro is proposing... 

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