Cakra Mineral buys 80% of Global Kalimantan Mining

Wednesday, April 1 2015 - 01:29 PM WIB

By Ruli Setiawan

IDX-listed PT Cakra Mineral Tbk announced on Wednesday the acquisition of 80 percent shares in PT Global Kalimantan Mining (GKM) for Rp 16 billion.

The transaction was signed on March 31, 2015, the firm said in a statement.

GKM has a large galena tenement in Ketapang Regency, West Kalimantan

Editing by Johannes Simbolon

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