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"The current coal price scenario has presented a challenge to the entire coal mining sector. The proceeds from the sale of Arutmin will provide cash to meet the company's current challenges," said Anil Sardana, managing director of Tata Power. The company also said that Arutmin is a mine that is spread over a number of pits in South Kalimantan in Indonesia.
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"Welcome to the ninth edition of the PwC Indonesia's "Mining in Indonesia: Investment and Taxation Guide". It is now more than eight years since the 2009 Law on Mineral and Coal Mining No. 4 of 2009 (the "Mining Law") was promulgated. While various implementing regulations,
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Global miner Rio Tinto Plc has agreed to sell one of its remaining coal mines in Australia to a group owned by Indonesia's thirdrichest man, Anthoni Salim, continuing an exit from coal as it ...