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Indonesian Coal Mining

Under the agreement, Coal Fe will pay Bungo 35 million in cash and 15 million in shares, consisting of either 36 million Coal Fe shares valued at A50c US42c each or 273 million shares in Coal Fe subsidiary PT Techventure Indocoal at 500 rupiah US5.5c per share, for its stake in NTC.

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Zhengzhou high tech Industrial Development Zone

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