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    coal investing

    Challenger Deep Resources Corp seeks coal rights

    Investing News Network
    Oct. 19, 2010 08:03AM PST
    Industrial Metals

    The Winnipeg Free Press reports that Challenger Deep Resources Corp (CVE:CDE) is in the process of acquiring coal exploration rights inEast Kalimantan, Indonesia, through its’ subsidiary Bestindo Energy. The story is quoted as saying: Bestindo will pay a total of C$1.85 million cash in stages over 18 months to acquire PT Alam Tabang Raya Pratama, […]

    The Winnipeg Free Press reports that Challenger Deep Resources Corp (TSXV:CDE) is in the process of acquiring coal exploration rights inEast Kalimantan, Indonesia, through its’ subsidiary Bestindo Energy.

    The story is quoted as saying:

    Bestindo will pay a total of C$1.85 million cash in stages over 18 months to acquire PT Alam Tabang Raya Pratama, a private Indonesian company that holds the exploration rights.

    For the full story, click here.

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