Bayan H1 coal output up by 26.78 percent

Indonesia-listed coal miner Group PT Bayan Resources Tbk reported that its coal production during first semester of this year reached 7.1 million tonnes of coal, a 26.78 percent increase compared to the 5.6 million tonnes for the same period last year.

Bayan produced 3.7 million tonnes during the second quarter 2011, up compared to the corresponding period last year of 2.9 million tonnes.

The company did not provide coal sales figure during the period. Bayan is targeting to produce 14.5-15.5 million tonnes of coal in this year.

Last year the company produced 12 million tonnes of coal from its eight coal mine subsidiaries, including PT Gunungbayan Pratama Coal, PT Perkasa Inakakerta, PT Wahana Baratama Mining, PT Teguh Sinar Abadi and PT Firman Ketaun Perkasa.

During the first semester, the company?s majority customers, include Malaysian power utility Tenaga Berhad, Taiwan utility firm Taipower, trading firms Noble, Adani, J. Aron Co, Coal & Oil and East India Energy Company. (denny)

Location name	Concession owner	Date of exploitation or development permit	Expiry date of permit	Percentage of ownership	Total proven and probable reserves (in million metric tonnes)*	Total production (in million metric tonnes)		Remaining reserves as at 30 June 2011 (in million metric tonnes)*
						Current period 2011	Cumulative total production
Block-II	PT Gunungbayan Pratamacoal (GBP)	August 2, 1999	July 11, 2029	100%	15.0	1.4	3.0	12
Block-I	PT Gunungbayan Pratamacoal (GBP)	August 28, 2007	July 11, 2029	100%	5.0	0.2	0.3	4.7
Block Sepaso	PT Perkasa Inakakerta (PIK)	August 13, 2007	March 29, 2037	100%	24.0	1.7	3.4	20.6
Block Satui	PT Wahana Baratama Mining (WBM)	October 26, 2007	October 25, 2037	100%	67.0	2.1	3.4	63.6
KW KTN 2005018	PT Fajar Sakti Prima (FSP)	July 21, 2005	July 21, 2025	100%	333.0	0.8	1.5	331.5
KW KTN 2004046	PT Bara Tabang (BT)	April 7, 2008	April 7, 2028	100%
KW.03PB 0059	PT Teguh Sinarabadi (TSA)	April 29, 2008	April 23, 2038	100%	210	0.9	1.7	19.3
KW.03PB 0058	PT Firman Ketaun Perkasa (FKP)	April 29, 2008	April 23, 2038	100%
KW.051PB0108	PT Firman Ketaun Perkasa (FKP)	October 27, 2009	October 26, 2011	100%
Note: *The remaining proven and probable reserves as at 30 June 2011 are based on the survey performed by Minarco Mineconsult, independent geologist, date 30 June 2010 after being reduced by the production since the survey dates.
**The Group is in the process of obtaining an extension of this permit