Riau Bara Harum eyes IPO: Report
Friday, February 11 2011 - 01:48 AM WIB
Coal miner PT Riau Bara Harum (RBH) is seeking to float its shares in the second half of this year at the Indonesia Stock Exchange to raise US$500 million, Investor Daily reported, citing source.
RBH is a second generation Coal Contract of Work holder, operating in Riau province, Central Sumatra. RBH started coal production in 2005.
The mine's coal resource is estimated at more than 70 million tons with calorific value of 5,700-6,200 kcal/kg (ADB). (denny)