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
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Jan 18 (Reuters) - Aus Asia Minerals Ltd (AQJ) : Market update...
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