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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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Recent News

Friday, 06 March 09
CHURCHILL STARTS REVERSE DRILLING AT INDONESIAN COAL PROJECT
Miningweekly reported that, Aim-listed minerals explorer Churchill Mining on Thursday stated that reverse drilling at its East Kutai coal project (E ...


Thursday, 05 March 09
UAE FUND PLANS INDONESIA COAL RAIL LINK
News.alibaba reported that, A United Arab Emirates' fund signed a memorandum of understanding on Monday (2 March 2009) with an Indonesian prov ...


Thursday, 05 March 09
CHINA COAL-PRICES LITTLE CHANGED DESPITE PLUNGE ABROAD
China's spot coal prices were little changed from a week earlier, despite the sharp fall in the international market, and demand for coal remains s ...


Thursday, 05 March 09
RAK TO BUILD COAL FIRED POWER STATION
The National Ras al Khaimah, which is developing a coal mine in Indonesia, will build a coal-fired power plant in the emirate in the next two years ...


Wednesday, 04 March 09
COAL: GLOBAL DEMAND WEAKENS
The Jakarta Post reported that, While coal prices were stickier on the way down compared to other commodities like oil, the Newcastle price now sugg ...


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