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[News] Barito Pacific Plans to Expand Into Coal Mining
 

PT Barito Pacific Tbk Plans to expand into the coal mining business, possibly through an acquisition, president commissioner Prajogo Pangestu said in Jakarta on Tuesday.

 

The company will use part of the proceeds from selling a stake in PT Chandra Asri Petrochemical to fund the expansion, which includes boosting its palm oil business, Pangestu said. Barito may spend US$50 million for the expansion plans, president director Loeki Sundjaja Putera said.  


Source: The Jakarta Post (Bloomberg)