Clough updates Santan coal project
Thursday, January 29 2009 - 10:39 AM WIB
The Santan Batubara coal concession, which is located in East Kalimantan, 45 km north of Samarinda and 30 km by road to port, is owned by PT Santan Batubara, a 50/50 joint venture between dough?s 82% owned Indonesian subsidiary, PT Petrosea and PT Harum Energy.
Clough CEO, John Smith said, ?The reserves statement is pleasing and confirms the feasibility of mining of the Separi Block, the first of four in the concession.?
The information in the statement relates to Exploration Results that formed the basis of a coal resources statement compliant with the JORC Code that had been prepared by Runge Limited as previously announced. The statement of open cut reserves was compiled by Mr Igor Bojanic who is a member of the Australian Institute of Mining and Metallurgy. Mr Igor Bojanic is employed by Minarco-MineConsult. Mr Igor Bojanic has sufficient experience relevant to the style of mineralisation, type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ?Australasian Code for Reporting of Mineral Resources and Ore Reserves?. Mr Igor Bojanic consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. (end )
