Straits Asia Resources Ltd has appointed Rizal Ramli (former coordinating minister for the economy under Abdurrahman Wahid administration) as its CEO for Indonesia operation called PT Indo Straits. The group is already one of the biggest coal producers in Indonesia with 2006 output of more than 3.5 million tons. Last week’s announcement that it secured a significant coal concession adjacent to BHP’s Maruwai Coal Project in Central Kalimantan would make the group even more interesting to watch especially with this week announcement to enter oil and gas business with potentials in Indonesia, Vietnam, and Myanmar. Who are the people behind the group?
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