Straits Global Trading Pte Ltd Joins globalCOAL
LONDON AND SINGAPORE - 16 March 2009
globalCOAL announced today that Straits Global Trading Pte Ltd has become the latest Market Member to join its online coal trading platform.
Singapore-based Straits Global Trading is a subsidiary of SGX-listed Straits Asia Resources. The trading company was set up to manage the marketing and sales of commodities produced by the Group, particularly bulk commodities. Straits Asia Resources owns two producing coal mines, both in Indonesia: Sebuku mine on Sebuku Island in South East Kalimantan, and Jembayan mine near Samarinda in East Kalimantan.
"This is another noteworthy addition to globalCOAL's Market Membership", said Patrick Markey of globalCOAL. "With the significant production capacity and dynamic development history of its parent company, Straits Global Trading joins the extensive contingent of Asian-based physical coal market participants in the globalCOAL trading community."
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