A subsidiary of Straits Resources Ltd plans to use its newly approved $435 million facility to refinance a $333 million loan and progress development plans.
West Perth-based Straits Resources Ltd subsidiary, Straits Asia Resources Ltd, has posted a 264 per cent jump in net profit for the first half of 2008.
West Perth based Straits Resources Ltd subsidiary, Straits Asia Resources Ltd, has posted a quarterly net profit of over $21 million ($US20.1 million), an increase of 139 per cent on the same quarter last year.
West Perth-based Straits Resources Ltd subsidiary Straits Asia Resources Ltd has signed a debt financing agreement worth around $257 million to part fund its purchases of additional mine concession areas in Indonesia, the company has announced.
The third quarter profits of West Perth-based Straits Resources Ltd subsidiary Straits Asia Resources Ltd have fallen to a third of 2006 levels after a force majeure and abnormal rainfall, the company has announced.
West Perth-based Straits Resources Ltd subsidiary Straits Asia Resources Ltd will acquire the Jembayan coal mine in East Kalimantan for around $379 million, the company has announced.
West Perth-based Straits Resources Ltd subsidiary Straits Asia Resources Ltd has entered into a deal to acquire two coal tenements north of its Sebuku Island operations for around $153.8 million, the company has announced.
West Perth-based Straits Resources Ltd subsidiary Straits Asia Resources Ltd has lifted a force majeure at its Sebuku coal operation, after work was suspended following an extended wet season.
