The company is not for sale: Barasentosa
Wednesday, July 17 2013 - 12:42 PM WIB
By Rikordias D. Siahaan
South Sumatra coal miner PT Barasentosa Lestari, a subsidiary of India based GMR, denied rumors that the company would be sold.
?The company is not for sale. We are now still evaluating the shallow river barging problem. It's just rumor.? said the source from the company to Petromindo.com
Barasentosa has two coal concessions in South Sumatera near Musi river with 100 million tons of combined reserves. GMR was reported to seek US$200 million from the sale and Standard Chartered as the arranger.
Editing by Adianto P. Simamora