Mineral exploration company Kangaroo Resources Limited
(ASX:KRL) has completed its first delivery and sale of thermal coal product from the companies GPK project in Indonesia.
The company has delivered its first 4200 tonne barge of coal to the Cahaya Fajar Kaltim power station in Kalimantan on schedule.
Kangaroo Resources is targeting production of up to 100,000 tonnes of thermal coal per month by early 2011 and up to 3-4 million tonnes per year by 2012.
The Mamahak project, Kangaroo Resources 2nd producing coal mine, has also recommenced production.
Kangaroo Resources reported a loss for fiscal 2009.
