Apple Group to double 2011 Indonesian coal output
Tuesday, November 2 2010 - 02:58 AM WIB
PT Apple Coal & Mineral Indonesia is joint venture between Indian firm Apple Group and PT Motus Gemilang, Ben Lawson, director of Motus Gemilang told Petromindo.com, recently.
The company has three coal mines in South Sumatra and four in East Kalimantan. Currently the company?s coal output is derived from one coal mine in Musi Banyuasin regency and two coal mines in East Kalimantan, which are located in Loa Kulu and Muara Badak areas respectively.
The three coal mines are expected to produce a total of around 2 million tons of coal in this year, he said.
Other coal mines are expected to start production next year. ?So, next year, we plan to double our production target,? he said.
The company is still looking for coal mines for acquisitions, he added.
According to Apple Group?s website, PT Apple Coal Indonesia is a wholly owned trading subsidiary of Apple Commodities Ltd., Hongkong.
Apple Commodities Ltd. (Hong Kong) was formed in 2009 as a wholly owned subsidiary of Apple Commodities Ltd. of India.
The website said the company owns coal mines in the South Sumatra, which have 200 million ton of steam grade coal reserves. It is also running consessions in East Kalimantan and South Kalimantan under joint co-operation scheme. The company has acquired two different concessions in Kalimantan which have over 30 million metric tons of non-coking steam coal reserves.
The coal's gross calorific value (GCV) ranges from 5800/5600 Kcal/Kg up to 6700/6500 Kcal. (denny)