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 28 Apr 2009

Thai firm to open new Indonesian mine by Q3

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Thailand's Lanna Resources Plc said on Monday it planned to open a new coal mine in Indonesia by the third quarter of 2009 with an initial capacity of 500,000-700,000 tonnes this year.

Capacity at the new mine would rise to 1.5-2.0 million tonnes next year, Srihasak Arirachkaran, head of business development and marketing, was quoted by Reuters as telling.

Another Lanna mine in East Kalimantan resumed operations in March after it was closed in December last year due to heavy rains. The mine was expected to produce about 1.5 million tonnes of coal this year.

Srihasak said the combined capacity of the two mines was expected to reach 3-4 million tonnes in 2010.

He said Lanna was eyeing other mining projects in Indonesia to boost its coal reserves, and expected to close a deal in the second half of this year. He did not give more details.

He forecast total coal sales of 2.2 million tonnes this year, flat from 2008 when an Indonesia court revoked the license of another Lanna mine in July.













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