Agis signs sale agreement with gold miner
Thursday, June 28 2012 - 01:22 AM WIB
By Romel S. Gurky
IDX-listed company PT Agis Tbk through its subsidiary PT Agis Resources has signed a conditional sale and purchase agreement (CSPA) with a concession holder of gold mining in West Sumatra as part of the company?s program to diversify its business to mining sector.
Under the agreement, Agis Resources, a joint venture between Agis and Fujian Xinjifu Enterprises Group Ltd from China will hold over 60 percent shares of the gold mining company having the concession area of 6,000 hectares.
Editing by Adianto P. Simamora