ATPK to start coal production from mines H2 2007

Monday, March 12 2007 - 12:59 AM WIB

JSX-listed firm ATPK Resources said on Friday PT ATPK Resources Tbk. would start coal production from four coal mining subsidiaries in Kalimantan mines in the third quarter of this year, with initial combined production of 140,000 tonnes per month.

The company?s CEO Wasisto Budiharsoyo said that PT Mega Alam Sejahtera mine in Berau, East Kalimantan would commence production in July with initial monthly production of 40,000 tonnes per month, ramping up to 60,000 tonnes per month three months after; PT Sarana Mandiri Utama mine in Sesayap,Bulungan, East Kalimantan would commence production in the third quarter of 2007 with initial production of 30,000 tonnes per months and would double after several months; PT Tuhup Coal Mining in Central Kalimantan would commence production third quarter of 2007 with production seen steady at 20,000 tonnes per month, while PT Damanka Prima mine in Bengalon, East Kutai regency would commence production in the third quarter with initial production of 50,000 tonnes per month.

Another mining subsidiary PT Saptajaya Menjak Sengewari, which has concession in Lampung, Sumatra would commence production early 2008 with initial production of 20,000 tonnes per month, he said.

Wasisto said that coal produced from the company?s mines would be sold to traders. He also said that currently ATPK is in negotiation with Bumi Resources? trading arm Enercorp to sell 1 million tonnes per annum of ATPK coal to PLN via Enercorp. ?We hope to be able to conclude the deal soon,? he said.

Prior to becoming energy firm ATPK was involved in shrimp farming. (godang/bernard/denny)

Coal Mining Data on Subsidiaries of PT ATPK

Subsidiaries

Location

Areas (Ha)StatusPotential Reserve (MT)Source of InformationKcal/Kg
PT Mega Alam Sejahtera Labanan, Berau, East Kalimantan2000Exploitation3,500,000Geology survey center>6,500
PT Saptajaya Menjak Sengewari Gedong Harta, Selagai Lingga, lampung3,274Exploitation14,100,000SRK Consultingabout 5,000
PT Sarana Mandiri Utama Sesayap, Bulungan, East Kalimantan2,250Exploitation8,000,000Hadano Putra Perdanaabout 5,500
PT Tuhup Coal Mining Tuhup, Muara Tuhup, Central Kalimantan22,180Exploration5,000,000Mitek Dendrill> 7,000
PT Damanka Prima Bengalon, Sangata, East Kalimantan8,113Exploration6,000,000Dept. of Technical Geology ITB> 6,000
Total37,81736,600,000

Subsidiaries

NoCompanyLicense StatusStarting ActivitiesStarting Production
1PT Mega Alam Sejahtera (MAS)Exploitation2nd quarter 20063rd quarter 2007
2PT Saptajaya Menjak Sengewari (SMS)Exploitation2nd quarter 20061st quarter 2008
3PT Sarana Mandiri Utama (SMU)Exploitation1st quarter 20073rd quarter 2007
4PT Tuhup Coal Mining (TCM)Exploration1st quarter 20073rd quarter 2007
5PT Damanka Prima (DP)Exploration1st quarter 20073rd quarter 2007

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