This is great news in the quarterly report just released..Absolute bargain prices now IMO::
Section 2 - Indonesian Coal Project
The Companys interest in the coal mining concession at Muara Teweh in Central Kalimantan is held via its 30% owned associate company, Asiatic Coal Pte Limited (ACPL).
During the quarter, AOM was advised by ACPL that, although mining operations remained suspended at Muara Teweh, negotiations have been completed in relation to a proposed Contract Mining Agreement and mobilisation of mining equipment to the Muara Teweh site is expected to commence in the next quarter.
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