State-owned coal miner TB Bukit Asam said it may seek opportunity from China Investment Corporation (CIC) in financing several projects, particularly in Muara Enim, South Sumatera the local newspaper reported citing Minister of State-Owned Enterprises Mustafa Abubakar saying CIC may invest US$2bn in three state-owned companies, including TB Bukit Asam. However, the company is yet to meet CIC to negotiate such cooperation. TB Bukit Asam currently has US$1.5bn railways project of Bukit Asam Transpacific Railways that may need financings from China-based banks, the report said. – Investor Daily
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