KAL has raised $3.5 million USD for this project. It is drilling holes 20 – 250 meters deep to asses the tonnage and grade of properties. Five drill rigs are currently on the properties. Initial drill results are expected by March 15, 2007. Previous samples have demonstrated that the quality of Kal Energy’s thermal coal deposits contain very low sulfur and ash content — suitable for electricity generation. This is consistent with other coal producing companies’ deposits in Indonesia.
Construction of the camp and all facilities for the 65 man workforce is near completion. This will provide for more efficient living and working quarters as Kal Energy increases its workforce for drilling and future mining operations on the property. This company is ready to “Just Do It!”
Coal has an incredibly hot future — particularly in light of the liquification processes which turns coal into clean burning diesel. More about this soon.
Stock Guru recommends you closely examine this company with mining concessions in an area of the world rich in successful coal mining operations.
Contact Info
KAL Energy, Inc.
93-95 Gloucester Place
London, W1U 6JQ
United Kingdom
Phone: +44 20 7487 8426
Fax: +44 20 7691 9725 (direct)
Email:
a.caminschi@mininghouse.com
KAL Energy Inc. (OTCBB: KALG), through its wholly owned subsidiary Thatcher Mining Pte., has the rights to two coal concessions situated near the Mahakam River in North Eastern Kalimantan, Indonesia. This river is a main transportation system for transporting coal to nearby markets. Consulting Geologist, Jonathan O’Dell, has estimated that blocks 16 & 24 could contain over 192,000,000 tons of thermal coal. Today Indonesia is the leading exporter of thermal coal and export prices vary from $30.00 to $60.00 plus per ton. This region has been an active coal exporter since the 1990s, and in 2004 Indonesia passed Australia as the largest exporter of thermal coal. Governmental signing was achieved on Sep. 14th, 2006. Title & Ownership structure has been extensively reviewed by HHP, the in-country affiliate of Baker & McKenzie International.
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