ITM sets up two subsidiaries

Friday, August 22 2014 - 12:21 AM WIB

By Romel S. Gurky

IDX-listed coal mining firm PT Indo Tambangraya Megah Tbk (ITM) announced on Thursday the establishment of two subsidiaries, PT ITM Energi Utama and PT ITM Batubara Utama.

ITM Batubara Utama will be engaged in coal business, while ITM Energi Utama will be involved in energy business, the firm said without providing details.

Editing by Johannes Simbolon

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