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Friday, 06 March 09
STRAITS ASIA EYES 3RD MINE


Straitstimes reported that, Mining company Straits Asia Resources is on an expansion trail to more than double its output by 2012.

Amid the economic downturn, the company is close to acquiring a third coal mine in Indonesia, its chief executive Richard Ong told the press on Friday.

The deal is expected to be completed this year and will add 2 million tonnes of production capacity. Mr Ong said that the company is targeting 20 million tonnes of coal output by 2012, up from 9.5 million tonnes this year.

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Thursday, 12 March 09
INDONESIA'S CIREBON ELEC IN TALKS ON COAL SUPPLIES - REUTERS
Reuters reported that, Indonesia's PT Cirebon Electric Power, an independent power producer, is in talks with a number of coal suppliers to seek a ...


Thursday, 12 March 09
ANALYSIS-FIRST NEW JAPAN COAL DEAL MAY NOT SET BENCHMARK - FOREXPROS.COM
* Informal coal-deal practice may come to an end this year * Buyers expected to ask for a discount * Biggest losers may be Chinese coal suppli ...


Thursday, 12 March 09
DEPARTMENT RECEIVES REPORT FROM GEOLOGICAL BODY AND NEDO - ESDM
The Geological Body of the Department of Energy and Mineral Resources have presented their Joint Study on Evaluation of Coal Resources and Reserves ...


Wednesday, 11 March 09
TENAGA SHARES CLIMB AS LOWER COAL PRICES CUT COSTS - BLOOMBERG
Bloomberg reported that, Tenaga Nasional Bhd., Malaysia’s state-controlled utility, climbed the most in a month in Kuala Lumpur trading as coal ...


Wednesday, 11 March 09
POSCO WINS 63% CUT IN PULVERIZED COAL PRICES, MACQUARIE SAYS - BLOOMBERG
Bloomberg reported that, Posco, Asia’s third-biggest steelmaker, has settled the first pulverized coal contracts for 2009 at $90 a metric ton ...


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