Coal Fe ships 47,693 mt steaming coal to India
Thursday, November 3 2011 - 07:45 AM WIB
ASX-listed coal exploration company, Coal Fe Resources Limited said that its PT. Pancaran Surya Abadi (Abadi) project in East Kalimantan has shipped 47,693 tonnes through panamax sized vessel of steaming coal with 5,100?5,300 kcal/kg calorific value.
?The final discharge port of the vessel was Ennore Port in India,? the company said in its third quarter report released on Oct 31.
It said that the company also sold 15,000 tonnes of steam coal with calorific value of below 5000 kcal/kg to domestic market to meet the so-called Domestic Market Obligation (DMO) imposed by the government of Indonesia.
PT. Pancaran Surya Abadi project is located in Muara Badak and Anggana districts in Kutai Kartanegara, East Kalimantan.
The company has completed the drilling program covering 300 ha out of the total concession area of 991 ha. (adianto)