Ardipo seeks partner to develop coking coal project
Monday, June 19 2017 - 03:15 AM WIB
Petromindo
Coal mining company PT Ardipo Global Perdana (AGP), a subsidiary of PT Darma Putera Wahana Pratama (Dewata), is currently seeking for strategic partner to help finance its 21,500 hectares coking coal project in Murung Raya regency, Central Kalimantan.
Paulus W. Broto, President Director of Dewata told Petromindo.com over the weekend that discussions have been made with several potential investors for the development of the coking coal project. He did not elaborate.
The mine with resources of 400 million tons and reserves of around 55 million tons is expected to produce 1.2 million ton per year.
Dewata, through subsidiary PT Naan Bara Abadi (NBA), owns another coking coal project, also located in Murung Raya, with resources of 30 million tons.
?Our target is to operate both of our coking coal project next year,? he said.
Editing by Reiner Simanjuntak