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Petrindo Jaya Kreasi, the holding company for the mining assets of Indonesian billionaire Prajogo Pangestu, has acquired unlisted coal miner Multi Tambang Utama for $203 million.
SINGAPORE - Swiss miner and commodities trader Glencore is looking at buying Shell's oil refinery and petrochemical units in Singapore as the oil major seeks a buyer for the sites after earlier...
Glencore stands to gain a physical foothold for its trading in Asia’s main oil hub
High operating costs and spectre of a carbon tax are deterrents to would-be buyers. Read more at straitstimes.com.
As investors turned skittish, shares of Pangestu’s Barito Renewables Energy and Chandra Asri Pacific fell 20% dragging down his net worth.