INDONESIAN COMMERCIAL NEWSLETTER (ICN)

CORPORATE NEWS IN BRIEF
January 2009

CENTRAL OMEGA TO INVEST RP 1 TRILLION IN COAL MINES . PT Central Omega 
Resources   said it will invest Rp1 trillion  (US$90 million) mostly to acquire 
coal mines in Kalimantan  in the next two years.    Corporate secretary 
Stephanus Yoseph Mandagi said  the company will  receive a capital injection of 
Rp1 trillion  from Jinsheng Mining, its majority shareholder to strengthen its 
capital. The capital injection from  Jinsheng   will be used to finance 
expansion plan of Central Omega until 2010, Stephanus said. Central Omega, 
formerly operating as a financing firm with the name of PT Duta Kirana 
Finance,  changed its core business late last year to mining sector. The 
publicly listed company  started  its new business by acquiring PT Mulia 
Pacific  Resources and PT Mega Buana Resources  early this year. Its is 50.14% 
owned by Jinsheng, 23% by investing public and two local investors have the 
rest.


Ada yang tahu prospek bisinis CENTRAL OMEGA ke depan ?

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