EIS for Cokal?s BBM project approved
Monday, April 15 2013 - 02:36 AM WIB
ASX-listed Cokal Limited reported that the Environmental Impact Study (EIS) for its Bumi Barito Mineral coal project (BBM) in Central Kalimantan province has obtained approval from the provincial government?s Environmental Agency (BPLH).
The EIS complies with Indonesian environmental and mining regulations and covers the integrated development of the BBM mine, haul road and river barging terminal, the company said in a statement obtained Monday.
Cokal remains on track to start construction in the fourth quarter of 2013, it added.
The EIS covers the expected full development of the Eastern Block of the BBM project consistent with Cokal?s Prefeasibility Study (PFS) which envisages the development of the BBM project in two stages, an initial 2 million tons per annum (Mtpa) direct ship operation with an expansion to up to 6 Mtpa at a later stage. The PFS highlights the potential for BBM to be developed as a low capital cost, low operating cost metallurgical coal project.
The approval of the EIS by the BPLH now opens the door for the finalization of the upgrade of the IUP exploration to an IUP production / operation (Mining Lease) by the Murung Raya Regency Mines Department.
Editing by Reiner Simanjuntak