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Harum Energy, one of Indonesia’s leading coal mining companies, aims to take advantage of the current weak state of the mining sector by acquiring other coal companies. President Director Ray Antonio Gunara said that Harum Energy, which is part of the Tanito Harum Group, set aside USD $390 million (USD $190 million from internal cash reserves and USD $200 million through a loan) to purchase other coal miners.

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NT Holding will have a 70% interest in the Joint Venture. PT Global will contribute its right of concession in certain coal mines located in Indonesia, covering a total area of approximately 68,000 hectares for 30 years, to the Joint Venture.

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joint operation in coal mining ... Jan 06, 2011 · Coal Mining Joint Venture Agreement in Indonesia of metalliferous and coal mining operations.

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Fuel for thought - Tata Power - Tata group

Tata Power seeks to make a mark in Indonesia with its joint venture in coal mining and its plans to help develop the country’s energy industry

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