Australia Exalt Resources (ERD:ASX) Obtains Big Stake in Indonesia Coal Sector

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Australia-listed Exalt Resources Ltd. ( ASX )  has secured rights to acquire ownership interest in six Indonesian projects of Singapore-based Odni Holdings Pte. Ltd.

It won't be long before Exalt Resources Ltd., currently conducting the required due-diligence processes, develop various portfolios for assets in the world's biggest coal-producing nation.

On Wednesday, Exalt Resources Ltd., after signing an agreement with Odni Holdings Pte. Ltd., said its business plans in Indonesia include early stage exploration to producing coal assets.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities

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