Leo Investment eyeing coal mine acquisition

IDX-listed firm Leo Investment Tbk said on Monday that it has conducted due diligence to acquire coal mining concessions.

The company did not give detail.

The company said that its coal trading business that it was conducted through its subsidiary PT Leo Resources did not run well as it could not secure coal supply.

?Therefore, we plan to acquire coal mine concessions to keep coal business running,? the company said. (alex)