JAKARTA -- Dian Swastatika Santosa, the mining unit of major Indonesian conglomerate Sinar Mas Group, has announced a combined $580 million in spending to complete its purchase of an Australian metallurgical coal miner and for an investment into a digital payment startup.
Commodities
Indonesian miner to take over Australian coking coal assets for $380m
Sinar Mas arm also announces $200m investment in Ant-backed mobile wallet
A worker operates heavy equipment to unload coal from a barge into a truck at a port in North Jakarta, Indonesia, on Jan. 13. © Reuters
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