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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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