Realm provides Katingan Ria coal project acquisition update
Tuesday, August 2 2011 - 08:18 AM WIB
Australia-listed firm Realm Resources Limited reported Tuesday an update on its potential acquisition of the Katingan Ria Coal Project in Indonesia.
Katingan Ria is an advanced thermal coal exploration project located in Central Kalimantan, Indonesia. Realm has advanced its due diligence on Kalres Limited (Kalres), PT Sinar Mulia Anugerah Aguing (PT SMAA) and PT Katingan Ria (PTKR), as part of its strategy to identify opportunities in the bulk commodity sector.
The project has the potential to transform Realm into a thermal coal producer within the next 12 months in a nation that has an established coal industry and ideally located to export to the high demand Southeast Asian markets. (romel)