Agis controls 2nd gold mine
Monday, December 17 2012 - 07:51 AM WIB
By Demas Simbolon
IDX-listed PT Agis Tbk through subsidiary PT Agis Resources has on Friday (14/12/12) signed the second conditional sale and purchase agreement to acquire the majority stock (60%) of a company owning a gold mining concession in West Sumatra.
The IUP license covers about 2,500 hectare area, giving Agis the control over two gold mines in West Sumatra.
The company didn't detail the name of the company or the value of the transaction.
Editing by Er Audy Zandri