UT acquires C. Kalimantan coal mine concession
Saturday, June 12 2010 - 02:39 AM WIB
IDX-listed firm heavy equipment distributor and miner PT United Tractors Tbk reported on Friday that its unit PT Tuah Turangga Agung has signed conditional sale and purchase agreement to acquire 60 percent stake at a coal mine in Central Kalimantan.
The Company said that PT Bara Agung Prima is the owner of a 1,365-hectare exploration license in Buhut Village, Kapuas regency in Central Kalimantan.
The Company did not disclose acquisition value. (alex)