DH Energy acquires stake at Pendopo Coal
Thursday, December 11 2008 - 02:38 PM WIB
PT.DH Energy has acquired 11 percent shares of South Sumatra coal mining firm Pendopo Coal Limited from Indomines Holding Limited for US$5.5 million, parent company PT.Darma Henwa Tbk reported on Thursday.
The company also reported that DH Energy, which is previously named PT.DH Power, will have option to acquire additional 50-60 percent shares of Pendopo Coal from Indomines.
The company did not give further detail. (alex)