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Banpu subsidiary to acquire Indonesian coal miner for US$30M

Banpu PCL's 68%-owned Indonesian subsidiary, PT Indotambangraya Megah Tbk., agreed to acquire coal miner PT Nusa Perdana Resources for US$30 million, according to an Aug. 10 release.

PT Nusa Perdana holds total coal reserves of 77.4 million tonnes and has an operating license for a 4,291-hectare concession in Indonesia. Production is slated to start in 2022.

The acquisition is in line with PT Indotambangraya's coal strategy and provides synergy to its existing operations due to the possible use of infrastructure at its adjacent Trubaindo, Bharinto and TIS coal mines.