E. Kalimantan coal miner plans IPO: Report
Friday, May 22 2009 - 05:19 AM WIB
East Kalimantan coal mining firm PT.Garda Tujuh Buana (GTB) is planning to float 70 percent of its shares at the Indonesia Stock Exchange (IDX), Bisnis Indonesia daily reported quoting underwriter PT.Bahana Securities.
The report said the company might float shares in the second semester of this year.
GTB is producing low-rank coal from its Bunyu island mine concession with production capacity of 3 million tonnes per annum, the report said. (*)