WIKA to complete coal mine acquisition H1
Wednesday, February 25 2009 - 04:05 AM WIB
IDX-listed contractor PT. PT Wijaya Karya (WIKA) plans to complete East Kalimantan coal mine acquisition in the first half of this year.
The company?s CFO Ganda Kusuma was quoted by Detik as saying that it has completed due diligence on the target mine.
He did not give detail.
The company has won tender late 2008 to supply 260,000 tonnes of coal per annum for 5 years to Tanjung Jati B coal-fired power plant in Central Java.(*)