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INDONESIAN DISTRICT TO BUY STAKE IN COAL COMPANY.

AsiaPulse News

| October 01, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

JAKARTA, Oct 1 Asia Pulse - The district administration of Kutai Timur in East Kalimantan has said it will buy a stake in PT Kaltim Prima Coal (KPC), which is to divest 51 per cent of its shares to Indonesian investors.

Kutai Timur regent Mahyudin said yesterday a financial agency has pledged a loan of US$400 million for the district administration to buy the stake.

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