Garda Tujuh reiterates plan to acquire gold mine in Sudan
Thursday, October 20 2016 - 07:42 AM WIB
By Romel S. Gurky
IDX-listed coal mining company PT Garda Tujuh Buana Tbk said on Wednesday that it would proceed with plan to acquire a gold mine in Sudan, amid the current rising trend in the price of the commodity.
The company said in a statement that due diligence process is still in progress. It did not provide further details
Garda Tujuh first unveiled the plan in 2014. The company said at the time that aside from planning to acquire a gold mine in Sudan, it also planned to acquire bauxite mine as part of diversification strategy.
Editing by Reiner Simanjuntak