Pama in advanced talks to acquire Tenaga?s coal mine

Indonesia?s top mining contractor PT.Pama Persada Nusantara is in advanced talks to acquire South Kalimantan coal miner PT. Dasa Jasa Ekatama (DEJ), a subsidiary of Malaysia?s Tenaga Nasional Berhad (TNB).

An industry source told Petromindo.Com that talks might be concluded by the end of this month. The source, did not give much detail but said Pama is the most appropriate buyer for DEJ as Pama is currently mining contractor for DEJ and DEJ has to use Pama?s Rantau coal processing and port facility.

?The deal is close to be sealed,? the source said.

DEJ has production capacity of 1.5 million tonnes per annum.

TNB has 92.5 percent stake in DEJ trough its subsidiary TNB Coal International Ltd.

Asied from Pama, earlier media reports said that South Kalimantan coal giant Adaro Indonesia has also submitted proposal to acquire DEJ.

Pama is a subsidiary of JSX-listed heavy equipment distributor PT.United Tractors, which, in turn, is a subsidiary of conglomerate PT.Astra Intersional.(alex)