Jakarta,June 27, 2012 - PT AGIS Tbk through its subsidiary, PT Agis Resources, on Wednesday (27/06/12) has signed a CSPA (Conditional Sale and Purchase Agreement) with gold mining concession owners, to acquire the Gold mining concession in West Sumatera. A follow up to the Exclusivity Agreement signed in 2010.
In the CSPA, PT Agis Resources will be the majority shareholders (more than 60%) in the company that owns the gold mining concession. The Exploration permit (IUP) covers an area of more than 5,000 hectares.
The signing of the CSPA is PT Agis Tbk step forward towards its diversification plans into the mining sector. PT Agis Resources, a subsidiary of the joint venture between PT Agis Tbk and Fujian Xinjifu Enterprise Group Co. Ltd. of China, expects to begin its operations in the mining business as soon as possible. Providing value add to the PT AGIS Tbk. consolidated revenues.