Indonesian coal mining group PT Bayan will pay $226 million to acquire the remaining shares in ASX-listed coal play Kangaroo Resources it does not already own, after the Supreme Court of Western Australia approved the takeover deal.
Wayne Trumble and Philip Clark have retired as non-executive directors of African Energy Resources, but will continue to provide consultancy services when required.
Company director and accountant Graham Anderson, who held positions with about 10 listed companies, has passed away after suffering a heart attack yesterday.
Kangaroo Resources has appointed GDA Corporate director Graham Anderson as non-executivechairman, and Indonesia-based Ian Ogilvie as managing director. Both have
Perth-based coal miner Kangaroo Resources has signed a 5-year, $US270 million mining services contract with contractor PT Putra Perkasa Abadi for its Mamahak coal project in Indonesia.
Kangaroo Resources says it has received shareholder approval to complete the $277 million acquisition of the Pakar coal project, which will make the vendor Kangaroo's largest shareholder.
West Perth companies Stirling Minerals and Kangaroo Resources have announced capital raisings worth $114 million to fund their international growth plans.
