SMGR planned acquisition of Coal Mine

Jakarta - PT Semen Gresik Tbk (SMGR) plans to acquire the mining concessions (KP) low-rank coal company to save on production costs which contributed about 30% of the purchase cost of coal.

The Company plans to acquire the KP has been in production with an investment cost reached Rp1 trillion. By starting a new company operates two factories in 2012, the company's coal consumption is expected to rise 2 million tonnes to 5 million tons.

Samuel Sekuritas see the company's expansion move vertically to secure the supply of our positive outlook for coal will increase cost-efficiency energy company. "But we are still awaiting details of acquisitions to see how much added value from these acquisitions." For the time being, our recommendation to buy these stocks, "said Samuel in its market review