PTT offers $960 mln to buy out Sakari to increase coal assets

27 August 2012
Reuters
Coal / Coal / Energy / Energy policy and administration / Extractive Industries / Extractive industries policy and administration / Generation and distribution facilities / Industrial mining / Minerals and mineral products / Mining / Non-renewable energy production
Cambodia / coal / energy / Fuel / Gas / Indonesia / mining / oil / PTT / Royal Group of Cambodia / Sakari / Sakari Resources Ltd / Singapore / Thailand

Thailand’s top energy company, has offered to buy out Singapore-listed Sakari Resources Ltd for $960 million as the oil and gas firm expands into coal to meet rising regional demand for the fuel… On Aug. 13, Sakari announced a joint venture with the Royal Group of Cambodia to explore coal opportunities in Cambodia, its first move outside Indonesia and into one of Southeast Asia’s new mining frontiers. …

http://www.reuters.com/article/2012/08/27/sakari-ptt-idUSL3E8JR02420120827