Red Island Minerals
Encyclopedia
Red Island Minerals Ltd is a Perth
-based coal
development company founded by Sam Malin
(who is also project originator), along with Robert Nelson
, to develop the Sakoa
, Sakamena
and adjacent coal fields in southwestern Madagascar
. The largest shareholder in RIM (35%) is PTT Asia Pacific Mining, a 100% subsidiary of PTT PCL
(ปตท.), a state-owned Thai
company. This 35% stake in RIM was previously held by Straits Resources Ltd (since renamed International Coal Holdings Ltd, ASX Code: SRQ).
The coal development project is operated by RIM's 100% subsidiary, Madagascar Consolidated Mining SARL, in which the Malagasy government agency, OMNIS
, holds a minority stake.
RIM is an Australian public company, limited by shares, first registered with the Australian Securities and Investments Commission
(ASIC) under the name Petrosearch International Ltd on 2nd March 2005. Its name was changed to Red Island Minerals Ltd in 2008.
Perth, Western Australia
Perth is the capital and largest city of the Australian state of Western Australia and the fourth most populous city in Australia. The Perth metropolitan area has an estimated population of almost 1,700,000....
-based coal
Coal
Coal is a combustible black or brownish-black sedimentary rock usually occurring in rock strata in layers or veins called coal beds or coal seams. The harder forms, such as anthracite coal, can be regarded as metamorphic rock because of later exposure to elevated temperature and pressure...
development company founded by Sam Malin
Sam Malin
Sam Malin is a Canadian businessman based in Madagascar. He has founded a number of companies including Madagascar Oil, Red Island Minerals, Avana Petroleum and Avana Uranium.- Educational Background :...
(who is also project originator), along with Robert Nelson
Robert Nelson (businessman)
Robert Leslie Nelson is a businessman from Perth in Western Australia. He is a sometime partner of Alan Bond, also of Perth, with whom he cofounded Global Diamond Resources plc as well as Madagascar Oil Ltd...
, to develop the Sakoa
Sakoa
Sakoa is a region of southwestern Madagascar characterised by dry spiny forest and known particularly for its coal fields, the highest quality of which is the Sakoa field. There are a number of license holders on the field...
, Sakamena
Sakamena
Sakamena is a city in the Faritanin' i Toliara administrative district of Madagascar.-Location:The geographic coordinates for Sakamena are: Latitude: -23S, Longitude: -45E, Elevation: 247 ft ....
and adjacent coal fields in southwestern Madagascar
Madagascar
The Republic of Madagascar is an island country located in the Indian Ocean off the southeastern coast of Africa...
. The largest shareholder in RIM (35%) is PTT Asia Pacific Mining, a 100% subsidiary of PTT PCL
PTT Public Company Limited
PTT Public Company Limited, PTT PCL, or simply PTT is a Thai state-owned SET-listed oil and gas company. Formerly known as the Petroleum Authority of Thailand, it owns extensive submarine gas pipelines in the Gulf of Thailand, a network of LPG terminals throughout the Kingdom, and is involved in...
(ปตท.), a state-owned Thai
Thai
When used as an adjective, Thai refers to anything that originates from Thailand. As a noun it may refer to:* Thai language, a Tai-Kadai language spoken mainly in and around Thailand* Thai people, the dominant ethnic group of Thailand...
company. This 35% stake in RIM was previously held by Straits Resources Ltd (since renamed International Coal Holdings Ltd, ASX Code: SRQ).
The coal development project is operated by RIM's 100% subsidiary, Madagascar Consolidated Mining SARL, in which the Malagasy government agency, OMNIS
OMNIS
OMNIS is the Malagasy government organisation, operating under the auspices of the Ministry of Energy, responsible for:...
, holds a minority stake.
RIM is an Australian public company, limited by shares, first registered with the Australian Securities and Investments Commission
Australian Securities and Investments Commission
The Australian Securities & Investments Commission is an independent Australian government body that acts as Australia's corporate regulator...
(ASIC) under the name Petrosearch International Ltd on 2nd March 2005. Its name was changed to Red Island Minerals Ltd in 2008.