KAL Energy, Inc., a thermal coal explorer and developer, announced the publication of an updated JORC Compliant Resource Statement on its Graha Panca Karsa concession (Block 24) in East Kalimantan, Indonesia.
William Bloking, Executive Chairman and President of KAL Energy, Inc. said, “We are delighted to report not only a significant increase in the overall size [...]

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 [...]

Continental Energy Corporation announced that it has acquired an interest in a new production sharing contract in Indonesia.
Pursuant to a joint bid agreement with Adelphi Energy Limited and GeoPetro Resources Company, the group’s joint venture company, ACG (South Bengara-II) Pte. Ltd., signed a new PSC for the South Bengara-II block. Continental’s wholly [...]

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 [...]

Kalimantan Gold Corporation Limited announce the appointment of Arif Hadian as Manager of its Coal Division. Arif Hadian, who is a geologist, has worked in the East Kalimantan region for a number of years and has extensive experience in the coal sector, working for large international companies such as BHP Billiton, Essar and Sumitomo Corporation. [...]

Kalimantan Gold Corporation Limited plans to raise up to $1,000,000 from a non-brokered private placement financing from the sale of up to 10,000,000 common shares at a price of $0.10 per share. The private placement is subject to compliance with applicable securities laws and to receipt of regulatory approval.
Rahman Connelly, Deputy Chairman and CEO of [...]

Kalimantan Gold Corporation Limited has completed the acquisition of the remaining 25% interest in its KSK Contract of Work that it did not already hold. This follows the recent receipt of approvals from the Indonesian regulatory authorities for the transaction that was initially announced on October 16, 2007.
Rahman Connelly, Deputy Chairman and CEO of [...]

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 [...]

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 [...]

Kalimantan Gold is continuing to produce successful drill results at its 100%-owned Jelai gold project in East Kalimantan, Indonesia, where the company aims to have an independent resource estimate by the end of the year. Assay results have now been received for four more holes from the latest round of drilling, including the following encouraging [...]