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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Antam to acquire full ownership of PT CSD

  • The Jakarta Post

Jakarta | Wed, February 11 2009 | 12:24 pm

PREMIUM State miner PT Aneka Tambang (Antam) has signed an agreement with ANZ Bank and Australian listed gold mining firm Arc Exploration to acquire full ownership of mining company PT Cibaliung Sumber Daya (CSD). Prior to this transaction, Arc was the majority shareholder of CSD with a 95 percent share, with Antam holding the remaining 5 percent. Antam corporate secretary Bimo Budi Satri...