Aussie firm, partner identify 5 coal prospects in Indonesia
Wednesday, May 25 2011 - 03:11 AM WIB
Australian-listed firm C @ Limited reported Wednesday that it is making significant headway on the identification of project opportunities in Indonesia.
The Company?s local Indonesian partner Ethica Trade Cermelang (Ethica) has identified five prospective coking and high energy thermal coal project opportunities located in Indonesia, which meet the Company?s initial investment criteria. These projects are currently under review by the company.
?This development is very encouraging given the high demand for coal assets in Indonesia and the fact that the agreement with Ethica was only signed on 28 April 2011,? it said.
The company did not give further details. (romel).