Asia Natural Resources to sell its nickel unit
Saturday, April 2 2011 - 03:54 AM WIB
Indonesia-listed minnow PT Asia Natural Resources Tbk announced Friday that it would sell its entire 65 percent stake in PT Tekonindo.
?At the present, it (the stake sale) is still in negotiation and we are looking for a consultant to value the asset,? the company said in a statement.
PT Tekonindo has been granted an IUP license to mine nickel in Southeast Sulawesi. The mine has potential resources of 70 million tonnes. (denny)