India?s Punj Lloyd acquires C. Kalimantan coal mine
Monday, April 11 2011 - 07:36 AM WIB
Indian engineering and construction firm Punj Lloyd Ltd has announced Monday that its Singapore-based unit, Sembawang Development Pte Ltd signed an agreement to acquire a 50 percent stake in a thermal coal mine company in Central Kalimantan
The mining company holds a coal IUP license and is located in Barito Utara regency. The concession has currently estimated resources of 134 million tonnes and potential in situ reserves calculated at 57 million tonnes, the company said in statement without giving further details. (denny)