PT Resource Alam Indonesia Tbk (JKSE:KKGI) agreed to acquire 90% stake in PT Kevindo Ratu Mineral on July 18, 2011. As of December 31, 2012 the outstanding advances paid by PT Resource Alam Indonesia Tbk for the transaction amounted to IDR 2.7 billion. As of December 2016 the outstanding advances paid by PT Resource Alam Indonesia Tbk for the transaction amounted to IDR 2.7 billion. The deal is subject to fulfillment of certain conditions. PT Resource Alam Indonesia Tbk (JKSE:KKGI) cancelled the acquisition 90% stake in PT Kevindo Ratu Mineral on July 30, 2016.