Intraco Penta eyeing coal mines acquisition
Wednesday, March 31 2010 - 01:46 PM WIB
IDX-listed heavy equipment distributor PT Intraco Penta Tbk is eyeing to acquire coal mines in Kalimantan and Sumatra with reserves of 60-120 million tonnes, local media reported.
Director Fred L. Manibog said the company may spend US$100 million to acquire the mines.
Manibog did not give detail but he told a press conference in Jakarta on Wednesday that the acquisition would be completed this year. (*)