SI Resources Co Ltd:To invest 3 bln won to set up a wholly owned subsidiary in S. Korea.New entity will be engaged in the development and distribution of resources.The new entity will be capitalized at 3 bln won.Expects transaction settlement date of April 29.
PT Resource Alam Indonesia Tbk:Says that it has incorporated a new subsidiary, PT Bumi Hidro Energi, which will engage in hydro-electric power generation.Company owns 80 pct of stake in the subsidiary while Odive Karya Denny T. owns the remaining 20 pct.
Huolinhe Opencut Coal Industry of Inner Mongolia Corp Ltd:To set up a wholly owned new energy subsidiary in Xilinguole League with registered capital of 20 million yuan.
SDIC Xinji Energy Co Ltd:Says the company received approval to establish branch in Huainan.
Huolinhe Opencut Coal Industry of Inner Mongolia Corp Ltd:To set up a wholly owned unit Huolinhe Open pit Coal (HK)Investment Co.,Ltd., in Hong Kong, with capital of $10 million.Says $10 million preferred stock investment in a Pakistan coal mine.To provide mining technical services to the mine, at $3.4 million.