S. Korea?s STX acquires S.Kalimantan coal mine

Friday, April 1 2011 - 02:30 AM WIB

South Korea's STX Corporation said on Thursday that it has bought a 40 percent stake in PT Indoasia Cemerlang, a coal mine located in Kintap district, Tanah Laut regency, South Kalimantan.

The company said in a statement that the deal was worth $30 million and it also secured mine operation and sales rights through the deal. (*)

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