Red Island Minerals

Red Island Minerals Ltd (RIM) is a Perth Western Australia-based coal development company operating in Madagascar. The company is wholly owned by PTT Asia Pacific Mining Pty Ltd,[1] a subsidiary of PTT Public Company Limited, a state-owned Thai company.[2]

Red Island Minerals was founded by Sam Malin under the name Petrosearch International on 2 March 2005.[1][3] Its name was changed to Red Island Minerals in 2008.

Red Island Minerals develops the Sakoa coal field in southwestern Madagascar.[2] It operates through its wholly owned subsidiary, Madagascar Consolidated Mining SARL,[2] in which the Malagasy government agency OMNIS holds a minority stake.

  1. ^ a b "Company Overview of Red Island Minerals Ltd". Bloomberg Business. Retrieved 17 December 2015.
  2. ^ a b c Praiwan, Yuthana; Wiriyapong, Nareerat (3 March 2012). "PTT buys Madagascar coal mine in US$50-million deal". Bangkok Post. Retrieved 16 December 2015.
  3. ^ "Red Island Minerals Information". GreatMining. Retrieved 17 December 2015.