Metal miner Kapuas Prima Coal (ZINC) plans to expanding its business by acquiring 50% interest in zinc smelter project in Pangkalan Bun, Central Kalimantan, from Merlion Resources Holding Limited (MRHL). Both parties had in July 25, 2018 signed the preliminary agreement. ZINC at first stage allocates US$30 million for said acquisition funded by internal cash. The smelter will have production capacity of 30,000 tons per year.