Monday, July 24, 2006

Two new coal ventures

Hong Kong-based company Chowlai Limited and BVI-based America Holdings Ltd to invest US$10 million in mining supporting services in Kutai, East Kalimantan. Both companies established a new JV called PT Sanga Coal Indonesia with US$20 million/year revenue target.

Meanwhile Singapore-based Sebuku Nusantara Holdings Pte Ltd and Mr Abdurrahman Jufrie will invest US$25 million through their JV called PT Sebuku Nusantara Indonesia Perkasa in Tanah Bumbu, South Kalimantan. The new JV is expected to get US$45 million/year contract.

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