In a statement, the company said it has not received any communication from the government that it is cancelling all existing agreements with the company.

It is seeking to clarify the reported remarks of Food and Disaster Deputy Minister Asadul Habib Dulu that the government has decided to cancel its open pit coal mine project.

Asia Energy is also seeking to determine the government's position towards the project.

The company's shares will remain suspended from trading pending a further announcement, it added.