Wednesday, 27 April 11
Indonesian's tenth largest coal miner in term of coal concession, PT Resource Alam Indonesia Tbk (KKGI), is considering to acquire several coalmines in a bid to make exponential growth, as quoted by Insider Stories
The coal company is eyeing several mines with middle rank coal to acquire in East Borneo, said to Head of Investor Relations Resource Alam Eric Tirtana.
IS further said, “There are a lot of mines we can acquire because we seek for small scale ones. Finding 3 million ton more coal is relatively easy, we are unlike big players that seek for tens of millions ton coal assets,” he said as quoted by Bisnis Indonesia daily.
The company currently manages Rp210.03 billion that can be allocated to support the plan, but there is also possibility to generate more funds from loan.
sourced:COALspot
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