MOP Mincorp

RNS Number:6943W
Mincorp Plc
16 May 2007


                                  Mincorp plc

                                  Acquisition

Mincorp has acquired a 5.5 per cent. interest in PT ATPK Resources Tbk ("ATPK"),
a company quoted on the Jakarta Stock Exchange. Mincorp has paid #1.1 million in
cash to acquire this holding. ATPK is engaged in the mining of coal and has
commenced exploration for nickel and gold. For the year ended 31 December 2006
ATPK reported a loss of #2.0 million. At that date ATPK had net assets of #3.1
million. The Board of Mincorp believes that there is substantial value in ATPK,
once it develops the five coal mining properties in Indonesia containing
substantial reserves of steaming coal that it acquired in October 2006.


16 May 2007


Enquiries


Mincorp plc                       Reginald Hare         00632 682 1063


Nabarro Wells & Co. Limited       Hugh Oram             020 7710 7400


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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