With a nine-figure profit, Thailand PTT Group leaves the coal mining industry.

Thai oil and gas conglomerate, PTT Group’s board of directors gave the go-ahead for PTT Mining of Hong Kong (PTTML), a coal mining business, to be transferred to Indonesia-based PT Astrindo Nusantara Infrastruktur Tbk (Astrindo), an investment company focused on integrated energy infrastructure, for US$ 471 million on August 2, 2022.