Jakarta-PT.Citra Kebun Raya Agri Tbk(CKRA) ready to acquire PT Persada Indo tambang, an iron ore mining company in South Solok, West Sumatra. This acquisition led the company to change the reference to the mining business.

"This acquisition is to enhance the company's performance next year.Company will acquire the Persada land area of ​​3000 hectares," said Director of Citra, Yudhi Asmara Yasmine, the public exposure at the Hotel Sofyan, Tuesday, December 27, 2011.

To realize the plan, the company sells PT Horizontal Agro Industri, a subsidiary company engaged in the plantations worth Rp 750 billion.

He added, in addition to increasing contributions, this plan is the strategy of the company in making a change of business activities of farms and plantations became general trading.

"We hope realisasinyanya can take place in the first half of 2012," he said.

As an illustration, Persada has iron ore reserves of 1.827 million metric tons with an exploitable area of ​​3.636 million metric tons and 5.463 million metric tons of total reserves.

Until July 2011, monthly production Persada reach 8000 metric tons, while total production to September reached 24,326 metric tons. Production capacity is expected to increase to 45 thousand metric tons in 2017.

In explanation, the management did not mention how much total capital expenditure (capex) to be injected for the next year, including revenue targets to be achieved. "Everything is under discussion," he said.

Based on the financial statements Citra until September 2011, revenues reached USD 131.8 billion with a net profit of Rp 8.657 billion and total assets of Rp 1.171 trillion.