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Overview |
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In November 2006, Straits Asia was the first coal company to be listed in Singapore. We said at that time that we would be focused exclusively on Asia but in April 2008 our parent company, the Australian-listed Straits Resources Limited (SRL), annouced that it would be distributing its total shareholding in Straits Asia to it's own shareholders. After this demerger, Straits Asia will remain focused on coal but will become fully independent and globally focused. We own 2 producing mines, both in Indonesia: Sebuku mine on Sebuku Island in South East Kalimantan, and Jembayan mine near Samarinda in East Kalimantan. As part of the demerger from SRL, we are reviewing the possible purchase of early stage coal assets in Brunei and Madagascar, which will mark a start to our global remit. We have adminstrative offices in Jakarta, Balikpapan and Samarinda and a lean Head Office in Singapore for corporate and marketing activities. Straits Asia Group has a culture that demands us to maintain international standards and professionalism at all levels of business. We fully recognize our obligations to local communities where we mine and to the environment, demonstrated by awards we have received from country Presidents for bringing work and benefits to communities and for environmental rehabilitation.
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