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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (44625)	10/6/2009 10:34:57 PM
From: LoneClone	Read Replies (1) \| Respond to of 196401

Indonesia Bukit Asam Submits Bid To Buy BHP Coal Mines -Executive easybourse.com JAKARTA -(Dow Jones)- PT Tambang Batubara Bukit Asam (PTBA.JK) submitted a bid to acquire BHP Billiton PLC's (BHP) coal mines after the Anglo-Australian company said it may pull out of Indonesia, a company official said Tuesday. Bukit Asam President Director Sukrisno said the company has formed a consortium to buy the coal mines in Central and East Kalimantan. He declined to name the partners in the consortium. Sukrisno said that the state-owned coal company has IDR1.5 trillion ($158 million) in cash that is available to finance the acquisition if it goes through. The company has also sought a loan from several banks in case it needs more cash to buy BHP's assets, he added. -By Linda Silaen; Dow Jones Newswires; 62-21 39831277; I-Made.Sentana@dowjones.com