Brief: Kangaroo Resources
Corporate news snapshot for Kangaroo Resources
Kangaroo Resources (KRL) has significantly enhanced its production pipeline in Indonesia after reaching agreement to acquire a significant coking coal project in East Kalimantan with extensive infrastructure and immediate production potential. Under an agreement with SouthGobi Energy Resources, Kangaroo will acquire all of its mining assets in Indonesia, including its 85 per cent interest in the Mamahak coking coal project for $US1 million in cash and the issue of 50 million KRL shares.
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