Elray eyes Kalimantan coal project

Thursday, December 3 2009 - 11:55 PM WIB

Las Vegas-based junior exploration firm Elray Resources reported on Thursday it was ?well advanced? in finalizing the terms for the "Heads of a Royalty Agreement" over an 8,788 ha coal exploration property on Kalimantan called ?Makikit Coal Project?.

The company did not give detail.(alex)

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