PTT to relist mines in Indonesia | Bangkok Post: business

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PTT to relist mines in Indonesia

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Energy giant PTT Plc plans to relist its Indonesian coal mining business on the Indonesia stock market within two years when global coal prices are expected to rebound, says chief financial adviser Surong Bulakul. 

PTT’s chief financial adviser Surong Bulakul disclosed PTT’s plan to relist Sakari on the Indonesia stock market has been delayed for many years on the low price of coal.

PTT entered the coal mining business in 2008 by acquiring a 94% share of Sakari Resources Co, which operates the Sebuku, Jambayan and Laung coal mines. The Indonesian company was delisted from the Singapore Stock Exchange after the acquisition.

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