PTBA conducting due diligence on several coal concessions

By Hiski Darmayana

IDX-listed coal miner PT Bukit Asam Tbk (PTBA) is currently conducting due diligence on several coal concessions in Sumatra and Kalimantan as part of the company?s target to acquire more coal mines in the country.

"The increase in added value that would be gained by the company would become the benchmark for us to determine which coal concessions to be acquired," the company's Corporate Secretary Joko Pramono told Petromindo.com on the sidelines of the company's shareholders general meeting (AGM) on Thursday. He declined to specify the targeted areas of coal concession, just saying ?we are reviewing all potentials.?

The shareholders meeting appointed Seger Budiharjo, Thamrin Sihite and Leonard as member of commissioners and S. Koesnaryo as an independent commissioner.

Editing by Adianto P. Simamora