INDONESIA - South East Asia begins coal production

South East Asia Resources has started production of semi-soft coking coal from its PT Pola Andhika Realtor (PAR) mine site in East Kalimantan and is about to complete the first shipment. The shipment is encompassed within an offtake agreement through its Singapore-based unit, South East Asia Energy Resources Pte Ltd (SEAER).

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INVESTMENT - Asian funds for Cockatoo Coal expansion

Cockatoo Coal has secured funds from three Asian firms for an Aus$286 million expansion of Baralaba coal mine in Australia. Noble Group has agreed to take a 21% stake in Cockatoo while South Korea’s SK Networks Co and Indonesian coal miner Harum Energy Tbk PT will increase their stakes.

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KAZAKHSTAN - Alhambra in financing deal

Alhambra Resources has entered into a financing agreement with Global Resources Investment Limited (GRIL) for a Can$5.0 million convertible note financing. GRIL is a UK-based investment trust established to seek and exploit investment opportunities in the junior mining and natural resource sectors.

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KAZAKHSTAN - Mining sector granted EITI status

The International Board of the Extractive Industries Transparency Initiative (EITI) has declared Kazakhstan as a ‘compliant country’ in terms of observing prescribed EITI standards. According to an Embassy of Kazakhstan, New Delhi, release, the decision to grant Kazakhstan EITI compliant status was taken at a meeting of the body in Abidjan, Cote d’Ivoire.  1

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