Internal cash of Indika Energy reaches US$500 million

The Investor Daily-October 22, 2008 Retina Rosabai, vice president investor relations of PT Indika Energy Tbk, said that the company would use internal cash worth US$500 million to acquire coal mines. The company also intends to invest as much as Rp. 9.01 billion through its subsidiary PT Tripatra Engineers and Constructors (TPEC) to form joint venture named PT Sea Bridge Shipping, with South Korea Samtan Co Ltd and PT Muji Inti Utama operating in sea transportation business.