Straits Asia lifts force majeure

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.

The full text of a company announcement is pasted below

Straits Asia Resources Limited (Straits Asia, SGX:SAR), would like to advise the Singapore Exchange that Force Majeure has been lifted at our Sebuku coal operation (Sebuku) in South Kalimantan, Indonesia.

Following on from the extended wet season, Force Majeure was declared for heavy rainfall at our Sebuku coal mine and has applied on a continuous basis since Force Majeure commenced on the 30th July 2007.

Straits Asia has today notified customers that the Sebuku coal mine has returned to a status where we can declare an end to the Force Majeure and resume the performance of our contractual obligations. Shiploading activities will recommence in September, with the first vessel scheduled to arrive and commence loading on the 1st September.