Astrindo Nusantara Infrastruktur (BIPI), an investment firm focusing on integrated energy infrastructure, acquired Hong Kong’s PTT Mining Ltd for US$471 million or around Rp7 trillion value. PTT Mining Ltd Hong Kong currently has several coal mining concessions in Brunei Darussalam, Madagascar, and three coal mines in Kalimantan, Indonesia. PTT initially acquired the so-called Jembayan and Sebuku coal mines from Sakari Resources Ltd. Ten years ago, Sakari acquired 100% interest in up to six mining concessions (IUPs) covering an area of over 29,000 hectares, located some 30km to the north of Sakari’s Jembayan Mine in East Kalimantan. Unfortunately, we do not have recent status of these concessions.
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