04
Feb
10:55
Kiki Barki acquires Position nickel mine
Indonesia’s Kiki Barki, through its subsidiary PT Harum Energy Tbk, has acquired 51% of PT Position’s shares from Singapore-based Aquila Nickel for $80.33 million, Kallanish notes.
"The objective of the transaction carried out by the company is to develop and expand business activities in the mining sector," says Harum Energy president director Ray A Gunara.
PT Position has a Mining Business Licence for nickel. It is estimated to h…
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