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Monday, 27 July 09
MIDDLE EAST COAL TO MOVE ON $1B EAST KALIMANTAN PROJECT


The Jakarta globe reported that, Middle East Coal reiterated on Monday that it would push ahead its $1 billion development program for East Kutai Regency in East Kalimantan province. The company is a joint venture between Trimex Group and the government of Ras Al Khaimah, a United Arab Emirate. MEC was formed to explore strategic investments in coal assets and coal-related infrastructure.

The company said it would develop a 130 kilometer railway project — the first private railway project in Indonesia — to link coal mines in the Muara Wahau area, to a high-capacity coal loading terminal at Bengalon. MEC, however, gave no exact date when the project would start.

Source: The Jakarta Globe



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