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BRIEF-Kangaroo Resources announces strategic agreements to develop Indonesian coal projects

Published 23/12/2015, 08:50 am
© Reuters.  BRIEF-Kangaroo Resources announces strategic agreements to develop Indonesian coal projects
KRL
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Dec 23 (Reuters) - Kangaroo Resources Ltd KRL.AX :

* Strategic agreements to develop indonesian coal projects KRL.AX

* Pt sumber aset utama (sau), will sell certain currently unused infrastructure assets to bayan for US$12 million

* Entered into agreements with strategic alliance partner and majority shareholder, pt bayan resources tbk (bayan),

* Says bayan is currently increasing production at tabang

* Fees payable by krl to bayan under haulage road & port access agreement will be material component of krl's cost of coal production

* Source text for Eikon ID:nASX4l6FqT

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