Aspartus acquires stake at Sulawesi ore concessions
Thursday, June 23 2011 - 06:58 PM WIB
UK firm Aspartus Resources Plc announced Thursday that it has agreed to purchase 49.99% of the entire issued share capital of Quantum Return Enterprises Limited, a British Virgin Islands company.
Quantum in turn owns 55% of the entire share capital of P.T Isco Polman Resources, an Indonesian company which owns a mine.
The Mine has already been issued with the exploration licenses for both lead ore and iron ore mining concessions in West Sulawesi, the company said. (alex)