International coal producer Kangaroo Resources Limited (ASX:KRL) is pleased to advise that it has executed the deeds of transfer with leading Indonesian coal conglomerate PT Bayan Resources Tbk giving it direct foreign ownership of five key concessions and one asset-holding company at the Pakar Thermal Coal Project in Kalimantan, Indonesia.
Carpentaria Exploration Limited (ASX:CAP) today announced the appointment of Dr Neil Williams as a Non-Executive Director effective 1st January 2012, strengthening the Company's Board and its geoscientific expertise.
Pan Asia Corporation Limited (ASX:PZC) is pleased to announce that it has entered into an arrangement for Kopex to commit a further US $1m to fund the remainder of the expanded drill program at TCM through until the completion of the final feasibility study. Completion of the final feasibility study is expected end of March 2012.
Coalspur Mines Limited (ASX:CPL) (TSE:CPT) is pleased to announce that the Marketable Coal Reserves of the Vista Coal Project ("Vista") has increased to 313 million tonnes ("Mt") as part of the ongoing Bankable Feasibility Study ("BFS"). This represents a 20% increase in the Marketable Coal Reserves over the 260Mt estimated in the Pre-Feasibility Study ("PFS"). The increased Marketable Coal Reserves are attributable to a larger pit limit, clean coal yield improvement and a refined mining and coal recovery plan. Following the completion of the updated reserve estimate the BFS is on schedule for completion at the end of December 2011 with publication in early 2012.
Bandanna Energy Limited (ASX:BND) announces the appointment of highly experienced mining executive Michael Gray to the position of Chief Executive Officer. Mr.Gray's appointment will become effective in the first quarter of 2012 at which time he will join the board of the company as Managing Director.
Bandanna Energy Limited (ASX:BND) is pleased to announce that the South Galilee Coal Project Joint Venture, in which it is a 50% participant together with AMCI (50% and manager), has received the consent of the Wangan and Jagalingou People (W & J People) for all approvals needed to develop the Project and infrastructure corridor.
Coalspur Mines Limited (ASX:CPL) (TSE:CPT) is pleased to announce that it has further expanded its coal lease position in the Hinton region with the acquisition of an additional 7,296 hectares of Crown Coal Leases. The new leases are located approximately 10km northwest of Coalspur's flagship project, the Vista Coal Project ("Vista"), and increases the Company's land position to 40,567 hectares. The Company believes that the new leases have the potential to contain substantial Coal Resources as the new leases are on the same geological trend as Vista.
