Kangaroo obtains forestry permits for E. Kalimantan concessions

By Romel S. Gurky

ASX-listed Kangaroo Resources Ltd said on Friday that it has completed the so-called ?use and borrow? forestry permits for its PT Tiwa Abadi (TA) and PT Tanjur Jaya (TJ) coal concessions, which are part of the Pakar concessions in East Kalimantan.

The company said in a presentation materials that it is preparing to submit the Environmental Impact Studies (AMDAL) and Feasibility Studies for TA and TJ concessions.

According to company website, the Pakar concessions consist of nine contiguous concession areas that cover a total area of 35,572 Ha located in Kutai Kartanegara Regency, East Kalimantan. The concessions are PT Tiwa Abadi (TA), PT Tanur Jaya (TJ), PT Dermaga Energi (DE), PT Orkida Makmur (OM), PT Sumber Api (SA), PT Cahaya Alam (CA), PT Bara Sejati (BS), PT Apira Utama (AU) and PT Silau Kencana (SK).

According to JORC compliant report of March 2011, Pakar is estimated to have 16 million tons (Mt) of Proven Reserves, 428Mt of Probable Reserves along with 111Mt of Measured Resources, 1092Mt of Indicated Resources and 1816Mt of Inferred Resources.

Editing by Reiner Simanjuntak