-- Straits Asia Resources Ltd. is set to gain from rising coal prices once its demerger with Perth-based Straits Resources Ltd. is completed, the Wall Street Journal reported.

Singapore-based Straits Asia will have the opportunity to buy a coal project in Madagascar and another in Brunei from the Australian company once the demerger is concluded in the next few months, the newspaper said. Straits Asia has coal mines in Indonesia.

The recent decline in Straits Asia's shares provides investors an opportunity to buy the stock, according to the report. The stock has dropped 37 percent since June 10, according to data complied by Bloomberg.