Posted in | News | Coal

Straits Resources in Talks With Thailand's PTT Group

By Dr. Cameron ChaiNov 11 2010

Australian mining company Straits Resources is in talks with Thailand's PTT Group for a coal deal. PTT is interested in a deal involving the coal mining assets of the miner. Straits Resources has not provided any details about the talks as yet.

It had called a trading halt yesterday for its shares pending the result of the negotiations. Straits Resources had sold 60% of its coal interests to the PTT Group via the creation of a joint venture in the previous year.

The joint venture’s assets included the exploration interests that they had in Brunei and Madagascar. It also included a 47.1 % portion of an Indonesian coal mining company which is listed in Singapore and known as Straits Asia Resources Ltd.

The new negotiations between the two companies are a part of the Australian company’s plan to create a separately listed company for its metals business. The PTT Mining Group will pay Straits Resources $1.72 per share as part of the demerger of the company between its

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Chai, Cameron. (2019, March 19). Straits Resources in Talks With Thailand's PTT Group. AZoMining. Retrieved on February 05, 2026 from https://www.azomining.com/News.aspx?newsID=1316.
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Chai, Cameron. "Straits Resources in Talks With Thailand's PTT Group". AZoMining. 05 February 2026. <https://www.azomining.com/News.aspx?newsID=1316>.
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Chai, Cameron. "Straits Resources in Talks With Thailand's PTT Group". AZoMining. https://www.azomining.com/News.aspx?newsID=1316. (accessed February 05, 2026).
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