Tuesday, 1 December, 2009 - 09:14
Kangaroo Resources raises $30m
Burswood-based Kangaroo Resources has raised $30 million for the purchase and development of a number of coal assets in Indonesia.
Kangaroo Resources operated as mineral exploration company. The company had coal, iron ore, gold, and base metal exploration assets. It held interests in the Pakar, a thermal coal project; the Mamahak, a coking coal and thermal coal project; and the GPK, a thermal coal project in Indonesia; and the Mt Ruby, a magnetite/hematite resource project in Australia. The company was formerly known as Kangaroo Metals Limited and changed its name to Kangaroo Resources Limited in August 2009.
In December 2018 the company was acquired by PT Bayan Resources.
Burswood-based Kangaroo Resources has raised $30 million for the purchase and development of a number of coal assets in Indonesia.
Kangaroo Resources has announced it has completed US$14 million capital raising to further develop coal production at its projects in Indonesia.
West Perth companies Stirling Minerals and Kangaroo Resources have announced capital raisings worth $114 million to fund their international growth plans.
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.
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 has appointed GDA Corporate director Graham Anderson as non-executivechairman, and Indonesia-based Ian Ogilvie as managing director. Both haverecently joined the board as directors.
Company director and accountant Graham Anderson, who held positions with about 10 listed companies, has passed away after suffering a heart attack yesterday.
Leonard Math has been re-appointed as a non-executive director as a casual vacancy at Kangaroo Resources Limited. Mr Math holds a Bachelor of Business majoring in Accounting and Information Systems.
Coventry Group has advised that current chief executive Robert Bulluss will join the board as managing director and chief executive. Nick Willis has decided to step down as non-executive director.
Wayne Trumble and Philip Clark have retired as non-executive directors of African Energy Resources, but will continue to provide consultancy services when required.
Directors of junior miner Kangaroo Resources has given a tick to a bid from Indonesian coal miner PT Bayan which values the company at $515 million.
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.
Name | Position | Year Started | Year Ended |
---|---|---|---|
Non-Executive Director
|
2011 | 2018 | |
Non-Executive Director
|
2015 | 2018 | |
Company Secretary
|
2015 | 2018 | |
Chief Financial Officer (since 2017)
|
2011 | 2018 | |
Managing Director
|
2018 | 2018 | |
Non-Executive Director
|
2009 | 2018 | |
Managing Director (since 2016); (Non-Executive Director 2011-2016)
|
2011 | 2017 | |
Managing Director
|
2013 | 2016 | |
Director
|
2015 | 2015 | |
Company Secretary
|
2015 | 2015 | |
Non-Executive Chair
|
2013 | 2015 | |
Non-Executive Director
|
2013 | 2015 | |
Joint Company Secretary
|
2013 | 2014 | |
Non-Executive Director
|
2011 | 2014 | |
Non-Executive Chair
|
2010 | 2013 | |
Group Financial Controller
|
2010 | 2013 | |
Managing Director
|
2010 | 2013 | |
Company Secretary
|
2008 | 2013 | |
Non-Executive Director
|
2011 | 2013 | |
Chief Financial Officer
|
2009 | 2011 | |
Non-Executive Director
|
2008 | 2011 | |
Director
|
0 | 2011 | |
Director
|
0 | 2010 | |
Non-Executive Chairman
|
0 | 2009 | |
Managing Director
|
0 | 2009 | |
Non-Executive Technical Director
|
0 | 2009 | |
Non-Executive Director
|
2009 | ||
Exploration Manager
|
2007 | 2009 | |
Consultant Geologist
|
2007 | 2009 | |
Company Secretary
|
2009 | ||
Company Secretary
|
2006 | 2008 | |
Joint Company Secretary
|
2013 |
Announced | Bidder | Target | Transaction Type | Total Value | |
---|---|---|---|---|---|
Kangaroo Resources | Acquisition | $226.00m | >> |