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Monday, April 11, 2011

Indian engineering and construction firm Punj Lloyd's unit Sembawang Development buys 50% in Indonesia coal mine



Indian engineering and construction firm Punj Lloyd said on Monday its unit, Sembawang Development, had acquired a 50% stake in a thermal coal mine company in central Kalimantan, Indonesia.

The mining firm holds reserves currently estimated at 134 million tonne, it said in a statement.

Punj did not disclose financial details of the transaction

src-BS

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