MSC sets to buy coal, gold assets in Indonesia: Report
Monday, January 28 2008 - 08:12 AM WIB
A source close to MSC told StarBiz that the group was targeting to conclude a coal mining acquisition in Indonesia by first quarter this year.
At the same time, MSC is on the look out for gold mining assets in Australia and Indonesia.
MSC is one of the world's largest integrated tin mining and smelting groups, with a total refined tin production of about 50,000 tonnes per year from its operations in Malaysia and Indonesia.
In view of the risks in the capital-intensive mining sector, the source said MSC was mindful of undertaking any high-risk grass root green field exploration.
?The group is driven by proven advanced exploration and development assets, and quality income generating operation in its pursuit for growth in the advanced minerals and metal sector,? the source added. (*)