Singapore firm eyeing E. Kalimantan coal miner acquisition
Monday, April 21 2008 - 03:04 AM WIB
A Singaporean firm is currently negotiating to acquire stake at East Kalimantan coal miner PT.Interex Sacra, an industrial source said.
The source said that the negotiation is currently in advance stage, but declined to give further detail.
Interex operates a coal mine in Pasir regency with mineable reserves of 50 million tonnes. The company is planning to produce 1 million tonnes of coal this year. (godang)