PT Berau Coal Energy decided to postpone its initial public offering (IPO) intially scheduled in July due unfavorable global stock market situation.
Berau Coal's Commissioner Bob Kamandanu said the IPO of PT Berau Coal Energy, previously known PT Risco, may delay the IPO to the fourth quarter of this year if the market condition is getting better.
Berau Coal Energy, previously known PT Risco, is parent of Indonesia's fifth largest coal mining company PT Berau Coal.
Berau Coal, as reported by Bisnis.com today, estimates to produce 17 million tons of coal this year. It is estimated to elevate the output to 30 million tons in 2014 because of rising demand from India.
Berau Coal's Commissioner Bob Kamandanu said the IPO of PT Berau Coal Energy, previously known PT Risco, may delay the IPO to the fourth quarter of this year if the market condition is getting better.
Berau Coal Energy, previously known PT Risco, is parent of Indonesia's fifth largest coal mining company PT Berau Coal.
Berau Coal, as reported by Bisnis.com today, estimates to produce 17 million tons of coal this year. It is estimated to elevate the output to 30 million tons in 2014 because of rising demand from India.
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