Tag: Indonesian Coal Mining Obligation

Indonesia: ITM Boosts its Coal Reserves with NPR Acquisition

Aug 21, 2018

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by

Abdul Sayeed

in Non Coking

Indonesian coal miner PT Indo Tambangraya Megah Tbk. (ITM) has strengthened its position as the country’s major coal supplier with the acquisition of 100% stake in PT Nusa Persada Resources (NPR). The coal company added 77 MnT coal reserves of 5500 kcal/kg to its manifold, in a deal which is estimated at USD 30 Million.…