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Tuesday 18 Oct 2011, 18:24 WIB

Adaro 'Caplok' Bukit Enim Energy US $ 46 Million


- detikFinance

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Adaro Caplok Bukit Enim Energy US$ 46 Juta

Jakarta - PT Adaro Energy Tbk (ADRO) officially acquired 46% stake in PT


Bukit Enim Energy (BEE) US $ 46 million. Ownership is made through
Adaro's subsidiary, PT Alam Tri Abadi (ATA).

According to Adaro Energy President Director, Garibaldi Thohir, ATA has


signed a stock transfer of BEE worth US $ 46 million. Owners of 46% of
BEE shares are Lucky Star Coporation, Oriental Holdings Ltd., and
BrightPath Corp.

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After the transaction, the company owns 61.04% of BEE shares indirectly.
The remaining 20% is owned by PT Pamapersada Nusantara, 13.93%
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owned by PT Triputra Utama Selaras, and PT Bumi Alam Sejahtera 5.04%. PGN Increases Industrial
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"This transaction is not categorized as a material transaction or a conflict of WIB
interest transaction," he said in a release published in Jakarta on Tuesday
(18/10/2011). Europalia Becomes an
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Cooperation
Garibaldi said the move is part of Adaro's plan to develop coal in South Tuesday, 10 October 2017 22:15
WIB
Sumatra.

Ministry of Agriculture
"This acquisition, together with two other previously announced acquisitions, Develops Farm Cards in
is part of our commitment to develop coal reserves in the region, while at Central Java
Tuesday, 10 October 2017 22:05
the same time benefiting local communities," he said. WIB

BEE is a greenfield coal mining company in Muara Enim, South Sumatra. From 25 Million, Only 15
Million Poor Residents
BEE is a holder of Mining Business License (IUP) for 20 years effective Deserve Eligible LPG 3 Kg
since March 2011. BEE concession area of 11,130 ha. Tuesday, 10 October 2017 21:50
WIB

Marston as an international mining consultant helped conduct a study of the


geological potential of coal. Additional drilling activities and coal analysis are
required before statements regarding resources and reserves that comply
with JORC can be issued.

"The drilling and coal analysis activities to support the JORC statement will
be carried out in 2012. The BEE is one of several acquisition opportunities,
which, in line with organic growth, will help Adaro Energy to achieve 80
million tonnes per annum production capacity, \\\ "he added.

(wep / dnl)

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Of 25 Million, Only 15 Million Poor
04 Residents Deserve Eligible LPG 3 Kg

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