BPCI begins coking coal production in C. Kalimantan
Friday, October 6 2017 - 07:45 AM WIB
Central Kalimantan coal miner PT Borneo Prima Coal Indonesia (BPCI) has successfully commissioned, mined coal and exported coking coal and has all permits to conduct its mining business.
This was revealed last week by ASX-Zamia Metals Ltd, which is set to become the new indirect controlling owner of BPCI, but did not provide further details about the maiden coal production and export.
The BPCI coal mine is located in a significant coking coal producing region area known as the Burito Basin in Central Kalimantan. This region currently produces approximately 11 million tons of coking coal per annum which is exported to China, Korea, Japan and also some small domestic sales.
Kirkham International Pte Ltd owns 95 percent of BPCI which holds a fully permitted coal mine which will produce a premium low ash, high fluidity and coke strength coking coal product for the Chinese and Japanese export markets in Central Kalimantan.
Zamia Metals announced on October 11, 2016 that it had executed a Share Sale and Purchase Agreement (SSPA) with the shareholders of Kirkham International Pte Ltd (Kirkham Vendors) where Zamia agreed to acquire 100 percent of Kirkham subject to satisfaction of certain conditions precedent.
Editing by Reiner Simanjuntak