Nava Bharat to acquire coal mine in Indonesia
Saturday, January 31 2009 - 12:43 AM WIB
Indian firm Nava Bharat Ventures Ltd has announced that its Singaporean subsidiary has concluded definitive agreements with a coal mine owner in Indonesia.
The company is entitled to hold 75% stake in the coal concession which has mineable reserve of 10 million tonnes of high grade coal, Equity Bulls reported on Friday.
The report did not give further detail. (*)