BATR to conclude land acquisition in 2015
Tuesday, September 4 2012 - 01:26 AM WIB
PT Bukit Asam Transpacific Railway (BATR) has set a target to conclude land acquisition for its planned 275 km coal railway project in 2015, company President Director Rudiantara told Petromindo.com Monday.
The railway will link coal mining site in Tanjung Enim, South Sumatra, and coal terminal in Tarahan, Lampung.
Rudi said that at the same time, the Bukit Asam Banko Tengah coal mine is currently undergoing a restructuring process, which is expected to be concluded next month.
The single track Bukit Asam railway, which is scheduled to be operated in early 2017, will become the coal transport route of PT Bukit Asam Banko, which has annual production of 25 million tons.
PT Bukit Asam Banko is a joint venture between PT Bukit Asam (PTBA) and Rajawali Asia Resources, respectively with a 65 percent and 35 percent stake.
Meanwhile, BATR is 90 percent owned by Rajawali Group, with the remainder 10 percent stake held by PTBA
Editing by Reiner Simanjuntak