Indika, Samtan set up coal exploration JV

Saturday, October 25 2008 - 12:22 AM WIB

JSX-listed energy firm PT.Indika Energy reported that it had set up a JV company with South Korean firm Samtan Corp to carry out coal exploration venture in Indonesia.

Indika will control 43.3 percent shares in the JV.

Indila and Samtan are major shareholders in East Kalimantan coal mining firm PT.Kideco Jaya Agung. (alex)

Share this story

Tags:

Related News & Products