DSS expands S. Sumatra coal portfolio
Saturday, February 18 2012 - 02:49 AM WIB
By Romel Gorky
Indonesian-listed energy and infrastructure firm PT Dian Swastatika Sentosa through its subsidiary PT Bumi Eka Kencana Sejahtera (BEKS) has acquired 100 percent shares of PT Andalan Satria Lestari (ASL) for Rp.8.7 billion our around US$1 million.
ASL is a company that holds eight coal mining permits (IUPs) in Musi Banyuasin regency, South Sumatra.
According to the company, ASL concessions are located close to PT Manggala Alam Lestari, another subsidiary of BEKS.
Editing by Alexander Ginting