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Tuesday, 13 October 09
STRAITS ASIA UPBEAT ON MEETING 2009 COAL OUTPUT


Reuters reported that, Singapore-listed coal miner Straits Asia is still optimistic about meeting its coal output target of 9 million tonnes this year despite the collapse of a new loading facility at its mine in Indonesia, a company official told Reuters on Tuesday.

The firm said last week that a new coal loading facility at its Jembayan mine in Indonesia's East Kalimantan province has collapsed due to heavy rains.

Straits Asia was looking at some options to boost output after the collapse, including upgrading capacity at its existing loading facility to between 6.5-7 million tonnes from 5.5 million tonnes annually, Graeme Tivey, Straits Asia's chief financial officer said.

The firm was also looking at the possibility of loading some of the coal via neighbouring miners, as well as buying the fuel from other sources to meet demand from customers, Tivey said.

"All of those things together, can get us out of the problem while we rebuild the loading facility," Tivey told Reuters in an interview on the sidelines of the Coaltrans 3rd Coal Mining Operations and Economics in Jakarta.
Source:Reuters



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Recent News

Friday, 20 November 09
CHINESE COKING COAL SUPPLY TO BE 'TIGHT' IN 2010, KGI SAYS
Bloomberg Reported that, Stephen Wang, an analyst with KGI Securities in Taipei, comments on the outlook for Chinese steel production and demand for ...


Friday, 20 November 09
INDONESIAN CO PLANS JV WITH NAGARJUNA
Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal minin ...


Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...


Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...


Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...


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