Bukit Asam seeks new coal mines
The Jakarta Post
State-owned coal miner PT Bukit Asam (PTBA) is seeking to acquire new mine sites to increase its coal production, which currently stands at 3.33 billion tons per year.
PTBA president director Arviyan Arifin declined to provide details on the company's plan, such as the locations of the new sites and its budget allocation for the plan, only stressing that any new mine site had to significantly increase its production.
"First, we want a mine site that is already in production. We do not want 'green' fields and we want large mine sites that can produce 1 to 2 million tons [annually]," Arviyan said during a public exhibit on Tuesday at the Indonesia Stock Exchange (IDX) in Jakarta.Read also: Bukit Asam's profit skyrockets on higher coal price, greater efficiency
He also explained that the company also sought mines that produced medium calorie grade coal with a calorific value of around 5,000 kcal/kg Gross as Received (GAR).
Currently, 65.8 percent of the company's annual production consists of medium calorie grade coal.
"We want the medium calorie because that is what state-owned electricity company PLN mostly uses to fuel their power plants," Arviyan said. (bbn)
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