Indonesia Bukit Asam’s Update

On Wednesday, Indonesian coal miner, PT Tambang Batubara Bukit Asam (PTBA.JK)reported its railway consortium is in talks with private equity funds including two China-based investors, for the $1.3 billion project in Sumatra.

The press release is quoted as saying:

Hopu Investment Management and a private equity unit of China Development Bank are in talks about financing the project.

Click here to access the entire press release