Convenient coal play on cards for Indo Mines

PERTH-based Indo Mines, better known for its Jogjakarta liquid iron project in Indonesia, is now looking at a joint venture with US-listed explorer Kal Energy for its Graha thermal coal project in the nation.

Convenient coal play on cards for Indo Mines Convenient coal play on cards for Indo Mines Convenient coal play on cards for Indo Mines Convenient coal play on cards for Indo Mines Convenient coal play on cards for Indo Mines

Indo has executed a letter of intent with Kal and its wholly owned subsidiary Thatcher Mining, with the Perth explorer saying it has an exclusive period of due diligence on the Graha project.

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