Bukit Asam Acquires 2 Coal Firms

Bukit Asam Acquires 2 Coal Firms

JAKARTA (Yosefardi) – State coal producer PT Tambang Batubara Bukit Asam Tbk, through its susidiary PT International Prima Coal (IPC), has acquired 2 coal companies (PT Tabalong Prima Resources and PT Mitra Hasrat Bersama, for US$36 million. The acqusition...

Medco Turns to Loss

JAKARTA (Yosefardi) – Oil and gas company PT Medco Energi Internasional Tbk (MEDC) suffered loss of US$289,599 in the first quarter of 2015, against US$4.69 million profit in the same period of 2014. Sales and operating revenue declined 32.8% to US$127.7 million...