Tag: Indonesia coal miner
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Adaro Energy Acquires Rio Tinto’s Coal Mine
PT Adaro Energy has signed a binding agreement with private equity firm, EMR Capital, to acquire 80% of Rio Tinto’s stake at Kestrel coking coal mine for total cash USD 2.25 Billion, Adaro Energy said in a statement to the Indonesia Stock Exchange, on Tuesday, March 27, 2018. The Kestrel mine is located in the…