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Bangkok Post
Bangkok Post
Business

PTT sells Indonesian mines

PTT Coal Indonesia PTT Plc United States Mining Oil
Sebuku coal mine, which is located in Indonesia's South Kalimantan province.

National oil and gas conglomerate PTT Plc has decided to sell its Indonesian coal mining business for US$471 million as the firm continues to move towards clean energy.

"It is the right time for the sale as global coal prices have risen since the end of last year," said Auttapol Rerkpiboon, chief executive and president of PTT.

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