Indonesia's Indocoal sells for $46 million

Indocoal fetched $45.5 million when the Indonesian government awarded the bid to another local mining company.
March 13, 2001

PT Holdiko Perkasa (Holdiko) has announced the sale of its entire ownership in Indocoal, a group of coal mining companies. Raising $45.5 million, the stake was sold to PT Centralink Wisesa International (Centralink), a private Indonesian company operating in the coal business.

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