Bumi’s coal reserve rises 8% to 1.14 billion tons
Wednesday, June 29 2005 - 02:08 AM WIB
Bumi’s finance director Eddie J. Soebari told reporters that the new exploration carried out in the open cut area of Arutmin’s mines had successfully increased the mines reserves of 90 million tons.
Eddie said as of March 2005, total coal reserves at Arutmin reached 530 million tons. Meanwhile, subsidiary PT Kaltim Prima Coal’s reserves stood at 616 million tons of coal.
Bumi plans to produce 36 million tons this year from both Arutmin and KPC. (dino)
Bumi Coal Reserves (in million tons) as of March 2005 | |||
| ? | ? | ? | ? |
| ? | Revised Reserves Jun-04 | Revised Reserves Mar-05 | Increase (%) |
PT Arutmin Indonesia | |||
Open Cut** | 285 | 375 | 31.6 |
Under Ground* | 155 | 155 | 0 |
Total | 440 | 530 | 31.6 |
| ? | ? | ? | ? |
PT Kaltim Prima Coal (All Open Cut) | |||
Sangatta** | 462 | 459 | -0.5 |
Bengalon** | 157 | 157 | 0 |
Total | 619 | 616 | -0.5 |
| ? | ? | ? | ? |
Total Combined | 1,059 | 1,146 | 8.2 |
* Estimate - Badger Mining & Consulting July 2002 | |||
** Conforms with requirements of the reporting guidelines of the 1999 JORC Code | |||