CAPITAL MARKETS

Straits tips big year ahead

STRAITS Resources has made an after tax profit of $16.5 million for 2004 and has forecast bigger gains in the year ahead with the commissioning of its gold and copper projects and an expected increase in production at its Sebuku coal mine in Indonesia.

Ben Sharples
Straits tips big year ahead

A gross profit of $37.7 million was up six fold on 2003s result, with the flagship Sebuku coal mine in Indonesia underpinning the result through record production of 2.56 million tonnes – generating sales...

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