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Adaro Plans $2.5 Billion Coal Mines Sale as Part of Green Pivot.
- Source :
- Bloomberg.com; 9/12/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- (Bloomberg) -- PT Adaro Energy Indonesia plans to sell a coal mining unit valued at $2.45 billion as part of its shift away from the fossil fuel.The company, which is one of country's biggest coal miners, plans to sell its 99.9% stake in Adaro Andalan Indonesia, according to a local exchange filing. The unit owns shares in several coal mining companies.©2024 Bloomberg L.P.By Eddie SpenceReported by Author [Extracted from the article]
- Subjects :
- COAL mining
COAL miners
FOSSIL fuels
MINING corporations
STOCKS (Finance)
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 179607781