News

UAE firm delays its Indonesia coal output 30/07/2010

UAE-based MEC Holdings has said that coal production from its Indonesian Kalimantan project will not start until 2012 after construction of a railway, Reuters has reported. The firm expects a railway from the mine to start operating at the end of 2012, when it will produce one million tonnes, before ramping up output to export 14 million tonnes in 2013, Madhu Koneru, MEC's executive vice-chairman, told the news service. "We're not doing a road, we're putting all our effort into the railway," Koneru said in an interview in Jakarta, adding that rail construction had been delayed by six months but the firm had now got cooperation agreements for the necessary land acquisition.