Govt to award three new coal contracts to BHP
Wednesday, September 6 2000 - 02:00 AM WIB
The government will award three new contracts of work to Australian giant business group Broken Hill Proprietary Ltd (BHP) to develop coal resources in Central and East Kalimantan on Wednesday.
The contract will be awarded by Minister of Energy and Mineral Resources Purnomo Yusgiantoro to BHP's subsidiaries PT Juloi Coal, PT Ratah Coal and PT Lahai Coal in a ceremony at the ministry, according to an invitation obtained by Petromindo.Com.
The awarding of the contract was initially scheduled for last August 24, but it was delayed following the change in the leadership of the ministry. Presiden Abdul Rahman Wahid replaced former minister Susilo Bambang Yudhoyono with Purnomo a day before the planned arwarding of the contracts. The ministry's data say Juloi Coal will get a mining concession covering 192,340 hectares in the North Barito Regency, Central Kalimantan, while Ratah Coal will receive a concession covering 99,940 hectares in both the Kutai Regency--East Kalimantan and the North Barito Regency. Lahai Coal will be given a concession covering 98,230 hectares in Kutai and North Barito.
Purnomo will also renew the contract of tin mining company PT Koba Tin and granite producer PT Karimun Granite during the ceremony.
The ministry's data say Koba Tin is a joint venture between publicly listed state tin mining company PT Timah (25 percent) and Australian firm Kajuara Mining Corp.Pty. Ltd (75 percent). It received its contract covering 61,854 hectares on the Bangka Island, South Sumatra in 1971 and started production in April 1, 1973.
The data further say Karimun Granite is a consortium comprising two Hong Kong's investors Seville Raw Development Ltd (2.5 percent) and Eastern Fortune Ltd (2.5 percent) and five Indonesian investors PT Pendawa Sempurna (32.09 percent), PT Bumi Sumber Sari Sakti (11.92 percent), PT Tatawahana Duta Persada (30.82 percent), and PT Gita Makmur Sentosa (20.16 percent).
Karimun received its contract covering 4,087hectares in Riau in 1971 and started production in September 30, 1973. (godang)