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Friday, 02 July 10
SARDA ENERGY TO ACQUIRE COAL MINES IN INDONESIA


India Info Line reported that, Sarda Energy & Minerals Ltd has announced that the authorities in Indonesia have granted the Environment Clearance for the coal mines and accordingly Mining Licence has been issued for mining of coal. 

With reference to earlier announcement wherein the Sarda Energy & Minerals Ltd has announced that through its wholly owned subsidiary based in Singapore, entered into long term arrangement to buy coal originating from mines in Indonesia with a provision for sharing of economic benefits.

The company also announced that the authorities in Indonesia have granted the Environment Clearance for the coal mines and accordingly Mining Licence has been issued for mining of coal.
Source: IIL



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