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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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