Indonesian coal deal fuels doubts over production quota approvals

According to a report by SCMP… A major coal deal in Indonesia is set to secure a powerful new partner for one of the country’s biggest miners, even as the industry worries a delay in the government’s approval of production quotas could have a severe impact on the business outlook.
Low Tuck Kwong and his daughter Elaine Low, the biggest shareholders of Bayan Resources, agreed on September 16 to sell a 30 per cent stake in Indonesia’s third-largest coal producer to fellow tycoon Andi Syamsuddin Arsyad, better known as Haji… complete report is on below link. Source: https://www.scmp.com/week-asia/economics/article/3368765/indonesian-coal-deal-fuels-doubts-over-production-quota-approvals?utm_source=rss_feed