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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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Monday, 05 October 09
SOUTH AFRICAN COAL RISES ON INDIAN BUYING, DOMESTIC DEMAND
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Monday, 05 October 09
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The Nation reported that, Banpu plans to boost its coal output to 23 million tonnes next year once production begins at the East Block of its Indomi ...


Monday, 05 October 09
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The Jakarta Post reported that, Coal and Oil (C&0) Group of India plans to invest up to US$100 million in Indonesia next year to acquire coal mi ...


Sunday, 04 October 09
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Reuters cited Mr Bob Kamandanu chairman of the Indonesian Coal Producers Association as saying that Indonesia plans to set up a coal exchange to cre ...


Sunday, 04 October 09
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The Statesman reported that, India's largest cement producer Aditya Birla group today said it would consolidate its cement businesses by merging Gr ...


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