Phulbari coal project on track

THE developer of the Phulbari coal project in Bangladesh, Asia Energy, plans to start mining in 2007. Coal price increases have led the company to increase projected output from 9 million tonnes per annum to 15 million tonnes per annum.

Phulbari coal project on track Phulbari coal project on track Phulbari coal project on track Phulbari coal project on track Phulbari coal project on track

Asia Energy was admitted to trading on the Alternative Investment Market of the London Stock Exchange in April 2004. The mining group reported a loss of almost 500,000 for the year ended June 2004.

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