Date:19/7/11,
M&A,
Cross Boder Deal,
Indian Metals and Ferro Alloys Ltd (IMFA), a producers of ferro alloys, acquires 70% in Indonesian Coal Mine for $8.75 million. Indian Metals and Ferro Alloys Ltd via its subsidiary Indmet Mining Pte Ltd.
Indonesian Coal Mine located in the Central Kalimantan region of Indonesia. The remaining 30% stake in the project is held by Indonesian businessmen who also hold the crucial licenses or "IUPs" in local parlance.
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