Coal miner seeks for $2.5m funds

PT Sam Plus Grand Resources is seeking for funds amounting to US$2.5 million to increase coal production at its Samarinda mine in East Kalimantan, the company?s director said.

Ritchie Glen Yapranadi told Petromindo.Com that the company plans to boost its coal production to 40,000-50,000 tons from 10,000 per month currently.

The firm would welcome any interested party to join the project, he said, adding the project was growing, secure, transparent, and accountable.

Any interested party may send their letter of interest to rg.yapranadi@gmail.com or call (62)-0818-994089 (office hour). (denny)