Indonesia Bukit Asam’s Update
Investing News Network - April 21st, 2010
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.
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.