Cokal appoints Indonesian country manager
Friday, April 12 2013 - 01:34 AM WIB
ASX-listed Cokal Limited announced that it has appointed Indonesian project veteran Garry Keilenstyn as the Country Manager / President Director PT Cokal, a fully-owned subsidiary of Cokal Ltd and operating entity responsible for conducting its activities in Indonesia.
The company said in a statement obtained Friday that Keilenstyn, a veteran of the Indonesian mining and civil contracting industries, has strong track record for bringing projects through construction to production in remote parts of Indonesia but importantly he has long and successful track record in the Murung Raya regency where Cokal?s premier Bumi Barito Mineral (BBM) project is located.
The BBM Coal Project is situated in Central Kalimantan, Indonesia in the prospective metallurgical Upper Barito Coal Basin, Regency of Murung Raya. The project covers an area of 19,920 hectares. The project is adjacent to the BHP Billiton?s, Indomet Coal, Joloi Project in Murung Raya Regency.
BBM has a JORC Resource of 77 Million tonnes (Mt) in four seams comprised of 70Mt Inferred and 7Mt Indicated as well as an Exploration Target 1 of 200 to 350Mt in thirteen seams within the Eastern Block of the BBM IUP (approximately 40 percent of the Project area). Cokal is completing definitive studies and obtaining the necessary approvals with the aim of commencing construction in October 2013 which would see first production occur in the first half of 2014.
Editing by Reiner Simanjuntak