May 4, 2011

Golden Energy & Astra Group alliance

Indonesia's largest coal contractor PT Pamapersada Nusantara, a wholly owned subsidiary of PT United Tractors Tbk (UNTR) is eyeing two coal mine companies in Central Kalimantan.
In coincidence, PT Golden Energy Mines, a coal unit of Sinar Mas Group, is poised to proceed an initial public offering as well as a separate shares sale to strategic investors. Any relation between Pamapersada and Golden Mine sale? Please login or register to read the remaining story.    

Disclosure: No position at the stock mentioned above.
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