Victoria Park-based Coal Fe Resources Ltd will acquire a 60 per cent stake in a subsidiary of Indonesia-based PT Bungo Raya Nusantara for $60 million in cash and scrip, the company has announced.

Victoria Park-based Coal Fe Resources Ltd will acquire a 60 per cent stake in a subsidiary of Indonesia-based PT Bungo Raya Nusantara for $60 million in cash and scrip, the company has announced.