ATPK?s coal unit commences first sales
Wednesday, April 7 2010 - 02:59 AM WIB
IDX-listed mining firm PT ATPK Resources said on Tuesday that its East Kalimantan coal unit PT Mega Alam Sejahtera (MAS) has started first coal sales amounting to 24,000 tons.
The offtaker of this coal is PT Bara Jaya Utama, the company said in statement.
?Coal sale from MAS is expected to increase to 150,000 tons per month in next coming months,? ATPK said.
The mine is located in Berau regency. MAS has 41 million tons of coal resources and 14 million tons of proven reserve with a calorific content of 5,100 kcal/kg (ADB).
Meawnwhile, the company?s other subsidiary PT Sarana Mandiri Utama (SMU) has signed coal sales agreement with PT Optima Persada Energi (OPE). OPE will act as offtaker for all the coal from SMU, it added, adding that the company projected to start commercial production in August 2010 with an estimated output of 60,000 tons per month. (denny)