Perpetual Resources Limited (PEC) is aiming to develop multiple coal mines throughout Indonesia and to supply from these mines a high-grade thermal coal export product targeted at China and India's growing demand for coal-fired power generation.
The company has entered into an agreement to acquire rights in relation to a coal mining and exploration tenement in West Sumatra, known as the Atoz Project.
Near term plans include implementing an exploration and development program across the…
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