Inovisi mulls divesting coal assets
Saturday, July 11 2015 - 04:10 AM WIB
By Thomas R. Sembiring
IDX-listed PT Inovisi Infracom Tbk said it is opening the possibility of divesting its coal mines in Kalimantan if the price is right.
?There is possibility, if there are buyers and the price is good,? said Jan A. Tangkilisan, newly-appointed President Director of Inovisi on Friday.
He explained that the lingering drop in coal price has created difficulties for the company in operating its mines.
Inovisi acquired in 2010 PT Goldchild Integritas Abadi, which has coal concession in East and South Kalimantan.
Editing by Reiner Simanjuntak