When choosing between two evils, I always like to try the one I've never tried before.

-- Mae West

Punj Lloyd unit buys 50% in Indonesia coal mine

By Reuters Apr 11 2011 , Mumbai

Tags: Punj Lloyd, Companies

Indian engineering and construction firm Punj Lloyd said on Monday its unit, Sembawang Development, had acquired a 50% stake in a thermal coal mine company in central Kalimantan, Indonesia.

The mining firm holds reserves currently estimated at 134 million tonne, it said in a statement.

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