the announcement clearly states mining and mining activities...

the announcement clearly states mining and mining activities meaning coal production, below is a direct quote

"The exploitation area is the most advanced and is covered by the mining subcontract between MCR and BMN. The Indonesian Ministry of Minerals and Mines has approved the commencement of mining activities in this area and mining related activities must commence on ore before 15 July 2008 in order to comply with the terms of this approval"


There is no doubt CAG is a very spec play but given the high profit margin in indonesian coal mining, and given the current sky high coal prices.

At these price levels it presents a very interesting coal exposure, because if this deal comes together the shareprice with benefit significantly.