Jakarta - Business entities PT Dian Swastatika Sentosa Tbk (DSSA), Stanmore Resources Limited (Stanmore), and Golden Energy and Resources Limited (GEAR) provided a guarantee of US$600 million for the planned acquisition of an 80% stake in Dampier Coal (Queensland) Pty Ltd by Standmore SMC Holdings Pty Ltd (SMC).

DSSA Corporate Secretary Susan Chandra said the purchase price for the acquisition of Dampier shares was US$1.35 billion.

The company will make payments in three stages: US$1.1 billion upon completion, US$100 million to be paid not later than 6 months after completion, and US$150 million to be paid within 3 months from the end of the testing period (2024).

"Standmore will fund the proposed transaction through a combination of offering the pro rata rights of ordinary shares in Stanmore, loan facilities and internal funding," he said, quoted in information disclosure in Jakarta on Friday (31/12).

He explained that a deposit of