Altura Mining is pleased to announce that it has executed a formal Sale and Purchase Agreement (SPA) to purchase an 80% equity in the PT Kodio Multicom (KM) and PT Marangkayu Bara Makarti (MBM) coal projects located in South Kalimantan, Indonesia. Both KM and MBM coal projects are located immediately south of the existing three (3) Tabalong Coal Project JV (TCP JV) tenements in the Tabalong Regency of South Kalimantan (see Figure 1). The vendors will retain the remaining 20% equity in each project.
Formal Sale & Purchase Agreements Executed
Posted in 2012 ASX