China Knowledge reported that a consortium consisting of China Investment Corp, the country USD 300 billion sovereign wealth funds and private equity fund TPG and the Government of Singapore Investment Corp will invest in Indonesia based coal service and mining firm PT Delta Dunia Markmur Tbk.

PT Delta Dunia Makmur did not indicate the financial details in the statement. The deal is expected to be CIC's first investment in Indonesia. PT Delta Dunia Makmur is affiliated to PT Bukit Makmur Mandiri Utama, the second largest coal contractor in Indonesia.

Early this month, TPG and GIC jointly acquired a non voting stake in Northstar Tambang Persada Ltd for USD 331 million. Northstar Tambang holds 40% of PT Delta Dunia Makmur.

(Sourced from China Knowledge)