Arc's Cibaliung sold to PT Antam

ARC Exploration has sold off its struggling Cibaliung project in Indonesia to Aneka Tambang (PT Antam) for $US1.

Arc's Cibaliung sold to PT Antam Arc's Cibaliung sold to PT Antam Arc's Cibaliung sold to PT Antam Arc's Cibaliung sold to PT Antam Arc's Cibaliung sold to PT Antam

The sale, while not netting the junior any cash, has freed it from its debt obligations to the ANZ Bank and the requirement to fund the project development, and kept the junior afloat.

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