Trada Alam Minera Switched to the Mining Business

Plan of PT Trada Alam Minera, Tbk (TRAM IJ) to change the primary focus of his business seems to be realized immediately. The reason, the company has obtained approval from its shareholders to do a capital increase through the right issue. The proceed will be used for the acquisition of coal mining company which is operating in East Kalimantaan, namely PT Gunung Bara Utama (GBU), and PT SMR Utama, Tbk (SMRU IJ). Post the acquisition, company focus on its core business into coal mining and mining services.

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