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PETALING JAYA: The share price of Malaysia Smelting Corp Bhd (MSC) was not affected by the news that the Indonesian government may increase export tax on coal and base metals this year. The counter closed 3 sen higher to RM4.13 yesterday.
KUALA LUMPUR: Malaysian Bulk Carriers Bhd’s (Maybulk) net profit for the fourth quarter ended Dec 31, 2011 slumped 75.6% to RM16.4mil against the previous corresponding quarter.
SYDNEY (Reuters) - Heavy rains shut four coal mines in eastern Australia on Friday as military helicopters evacuated stranded residents from inundated towns, and authorities warned of further flash flooding.
JAKARTA/LONDON (Reuters)- It was supposed to be a union of two legendary business dynasties, one West, one East. Nathaniel Philip Rothshild, the 40-year-old scion of the storied European banking family, forged a deal a year ago with the Bakrie brothers, one of Indonesia's mightiest business families, to create an international coal-mining titan.
SYDNEY: Western Australia's Premier Colin Barnett has raised concerns about foreign ownership in his resource-rich state after it was revealed a Chinese firm intends to buy a crucial coal mine.
NEW DELHI (Reuters) - India's GVK Power Infrastructure will pay $1.26 billion for a majority stake in three Australian coal mines and a port and rail project owned by Hancock Group to secure long-term coal supplies for the Indian group's power projects.