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Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO

 

Source: Insider Stories


Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wholly owned subsidiary PT Tuah Turangga Agung has acquired 60% stakes in PT Agung Bara Prima (ABP). The Value of the transaction is US$15.9 million.

According to United Tractors's Corporate Secretary Sarah K. Loebis, Agung Bara Prima mine is having estimated coal deposits of 10 million tons. "Agung Bara's mining is still green field," said Sarah as quoted by Kontan daily today.

in 2011, Agung Bara is targeting to to produce 1 million tons of coal annually. United Tractors is underway to close acquisition deal of an another  mining company which have around  20 million of coal reserves.



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