PT Bayan Resources Tbk

International coal producer Kangaroo Resources Limited (ASX:KRL) is pleased to announce the appointment of four experienced coal executives to its Board as non-executive Directors following completion of its landmark transaction with PT Bayan Resources TbK (JAK:BYAN).

International coal producer Kangaroo Resources Limited (ASX:KRL) is aiming to join the ranks of the leading coal producers after having received final shareholder approval to complete its previously announced $277 million acquisition of the Pakar Coal Project from the leading Indonesian coal conglomerate PT Bayan Resources Tbk (JAK:BYAN).

International coal producer Kangaroo Resources Limited (ASX:KRL) is pleased to report that shareholders in the leading Indonesian coal conglomerate PT Bayan Resources Tbk ("Bayan") (JAK:BYAN) have voted overwhelmingly in favour of the proposed sale of the Pakar Coal Project to Kangaroo.

Australian Market Report of March 17, 2011 includes: Marmota Energy Limited (ASX:MEU) announced significant iron and manganese results from its Western Spur Project in South Australia; ElDore Mining Corporation Limited (ASX:EDM) has acquired a 100% interest in the Baita Copper mine in West Romania; Kangaroo Resources Limited (ASX:KRL) signed a 300,000 tonne coal sales contract with PT Bayan Resources (JAK:BYAN) (PINK:BYRSF); Matsa Resources Limited (ASX:MAT) announced high grade Fe results from Dundas Magnetite Project.

Australian Market Report of March 15, 2011 includes: Kangaroo Resources Limited (ASX:KRL) is on track to complete the acquisition of the Pakar Thermal Coal Project in Indonesia by June 2011; General Mining Corporation Limited (ASX:GMM) raised A$1.2m to advance projects in Mongolia and Western Australia; Hot Rock Limited (ASX:HRL) successfully completed the first geophysical survey at its Longavi Geothermal Project in Chile; Rex Minerals Limited (ASX:RXM) reported multiple shallow high grade intersections at Hillside Copper Project in South Australia.

Australian Market Report of December 29, 2010 includes: Kangaroo Resources Limited (ASX:KRL) announce A$277 Million acquisition of Indonesian Thermal Coal Project; Dai-ichi (TYO:8750) is to acquire TOWER Australia Group (ASX:TAL) for future development in the Australian Insurance Market; Uran Limited (ASX:URA) has entered into an option to earn interest in near-production Manganese projects in Zambia; Imperial Corporation Limited (ASX:IMP) announced US$60.25 million acquisition of US oil assets.