Thai state-owned energy company PTT Public Co. Ltd. said Tuesday it's completely divesting its coal business to Indonesian energy infrastructure investor PT Astrindo Nusantara Infrastruktur Tbk. for $471 million as part of its strategy of shifting toward sustainability and clean energy.
PT Astrindo Nusantara Infrastruktur Tbk has acquired PTT Mining Ltd of Hong Kong, which currently owns coal concessions in Brunei Darussalam, Madagascar and three coal mines in Kalimantan, Indonesia.