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Article: BRIEFING - ASIA MINING - JUNE 8, 2007.
- Article from:
- AsiaPulse News
- Article date:
- June 8, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on mining for June 8, 2007, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
INDONESIA'S MITRA PLANS RIGHTS ISSUE FOR COAL MINE PURCHASE
JAKARTA - Publicly listed mining company PT Mitra Investindo (JSX:MITI) said it will launch a rights issue in the last quarter of this year to raise funds to acquire a coal mine in Tabalong, South Kalimantan.
The Tabalong mine is estimated to have an annual production capacity of around 15 million tons of coal of 5,800 calories and it is expected to start producing in December.