PTBA Optimist 2 Mining Company Acquisition

Jakarta - PT Tambang Bukit Asam Tbk (PTBA) states optimistic to acquire two coal mining companies no later than the third quarter of 2011.

"We acquired no later than the third quarter of this year. fund acquisitions from internal funds. Cash is still good," said Director of PTBA Sukrisno in Jakarta, Wednesday (4 / 5) night.

He further said two coal mines to be acquired are in East Kalimantan. Coal reserves for 5000-6000. "The target production of 1 million-2, 5 million tons of new possibilities can be contributed in 2012," said Sukrisno.

Tenders Related to power generation, Sukrisno said, eyeing the company power plant tender in collaboration with other parties. The tender for the 2x300 m in cooperation with PT United Tractors Tbk (UNTR), 2x300 capacity in South Sumatra, along with China, namely China Hua Tian in South Sumatra 2x600, and 2x200 in Madura. "The target of two can be won," said Sukrisno