Thursday, August 4, 2011

United Tractors - Coal Mine Acquisition Planning

United Tractor Tbk (UNTR)  through its subsidiary, Pamapersada Nusantara, targeting 500 million tonnes of  coal reserves within the next 3 years by acquisition some coal mines. Currently the company's coal reserves is about 250 million tons.
UNTR will use funds from the rights issue around Rp 6:07 T to acquire some coal mines.