Jan 18 (Reuters) - Aus Asia Minerals Ltd (AQJ) :
- Market update (AQJ)
- Due to the falling commodity prices, krakatau steel have temporarily stopped
production at its blast furnace in cillegong, java
- Says additionally under Indonesian mining law, iron ore cannot be exported
- Company has temporarily suspended operations under the solok project until
there is a market for its iron ore resources
- Due to the current trading difficulties the company has stopped all
expenditure, including salaries"
- Co is currently in talks with potential end users both within Indonesia and
throughout Asia
- Company is in negotiations with certain parties for funding to be provided to
allow these discussions and plans to be finalized
- Creditors of company are currently being contacted to seek their support and
to seek agreements regarding the outstanding amounts
- Forums
- ASX - By Stock
- News: AQJ Aus Asia Minerals announces market update
Jan 18 (Reuters) - Aus Asia Minerals Ltd (AQJ) : Market update...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AQJ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online