Listed on the Mainboard of the Singapore Exchange, Manhattan Resources Limited is currently engaged in barging activities as well as the provision of logistics, marine transportation and support services to the coal mining and resources industries in Indonesia.
 
To establish a second pillar of growth, the Group has ventured into property development in China, following the setting up of a joint venture corporation named Manhattan Resources (Ningbo) Property Co., Ltd in April 2011.
 
In 2014, the Group has diversified into the mineral mining resource business. Most recently, in 2016, the Group acquired a 92.18% stake in PT Kariangau Power, which owns and operates two 15W coal-fired steam power plant in the Kariangau industry area of Balikpapan, East Kalimantan, Indonesia.

 

strategy