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Jakarta Post

Bukit Asam eyes several coal mines

  • Raras Cahyafitri

    The Jakarta Post

Jakarta   /   Fri, March 15 2013   /  12:13 pm

State-owned listed coal miner PT Bukit Asam (PTBA) is seeking to acquire stakes in other coal mining sites as part of its expansion plans, despite its large coal concession areas in South Sumatra.

PTBA corporate secretary Joko Pramono said on Thursday that PTBA was currently conducting due diligence studies on several mining areas to be acquired by the company.

“We are in serious talks. We don’t have limitations on calorie content, whether high or low,” Joko said.

The company has diverse coal specifications, ranging from 4,900 kilocalories/kilogram (kcal/kg) air dried based (adb) to 6,400 kcal/kg adb, according to a document posted on its website.

PTBA has mining permits covering 90,832 hectares in Sumatra and Kalimantan. Its coal resources total 7.29 billion tons with mineable reserves of 1.99 billion tons.

The largest site is Tanjung Enim, whi...