BRIEF-Press Metal Aluminium Expands Upstream Operations With Alumina Refinery JV In West Kalimantan

Sept 18 (Reuters) - Press Metal Aluminium Holdings Bhd PMET.KL : * EXPANDS UPSTREAM OPERATIONS WITH ALUMINA REFINERY JV IN WEST KALIMANTAN * ENTERED INTO A SHAREHOLDERS’ AGREEMENT AND SHARE SUBSCRIPTION AGREEMENT WITH PT ALAKASA ALUMINA REFINERI * PT KALIMANTAN ALUMINA NUSANTARA WILL ESTABLISH AND OPERATE AN INTEGRATED ALUMINA REFINERY PLANT IN INDONESIA * THE TOTAL COST FOR PHASE 1 IS USD750 MILLION * PRESS METAL WILL SUBSCRIBE FOR 80% EQUITY INTEREST IN KAN FOR A TOTAL SUBSCRIPTION PRICE OF 1.036 BILLION RGT Further company coverage: PMET.KL (([email protected];))