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Kangaroo Resources Ltd (KRL.AX)

KRL.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kangaroo Resources ‍updates on legal action regarding overlap of co's coal concessions
Tuesday, 22 Aug 2017 03:05am EDT 

Aug 22 (Reuters) - Kangaroo Resources Ltd : :‍Updates on legal action concerning overlap of five of company's coal concessions with PT. Senyiur Sukses Pratam​.On Aug. 18, Jakarta High Court held on appeal that SSP committed a fatal procedural flaw.Net result of Jakarta High Court's decision is that co's rights to overlapped portions of concessions have been confirmed.Procedural flaw was SSP filing legal suit against East Kalimantan's provincial government beyond 90 days from cause of action.  Full Article

Kangaroo Resources reaches resolution on one of key issues required by Department Of Energy And Mineral Resources
Wednesday, 21 Dec 2016 03:38am EST 

Kangaroo Resources Ltd : Issue related to certain parts of company's pakar concessions that had an overlap with a third-party coal concession . Co has relinquished certain areas of three concessions that had an overlap with this third-party coal concession . Reached resolution on one of key issues that is required by department of energy and mineral resources . Relinquishment will have effect of reducing certain previously reported reserves and resources in those concessions .Resolution in relation to clear way to obtaining "clear and clean" status for coal concessions in pakar area of east kalimantan..  Full Article

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