Straits Asia Resourcessaid on Thursday the new coal loading facility at its Jembayan mine in Indonesia''s East Kalimantan province has collapsed due to heavy rain. UBS said it may cut its target price if disruptions last longer than 6 months. [ID:nSIN326650]
CreditSuisse raised its target price to S$1.25 from S$0.90 as the brokerage priced in the benefit from its Sebuku boundary resolution by extending the reserve life of that mine at the increased production rate. However the brokerage house lowered its 2009earnings estimates by 11-14 percent after the collapse of a coal loading facility at its Jembayan mine.
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