Hasnur looks for partner to develop S. Kalimantan coal mine
Monday, June 1 2009 - 07:38 AM WIB
South Kalimantan coal mining firm Hasnur Group is looking for strategic partner to develop its unit PT Mantimin Coal Mining.
Managing Director Zainal Hadi told Petromindo.com that the company is in talks with several companies which are interested to invest in the mine.
?We hope to be able to secure partner soon to enable production to start in 2010,? he said, adding that Mantimin will start with 500,000 tonnes of low-CV coal in the first, ramping up to more than 2 MTPA in the following year.
Zainal estimated the investment to build the mine will be at around US$150 million, including 130-m haul road from mine to port.
Mantimin is located in Hulu Sungai Tengah, Hulu Sungai Utara and Tabalong regencies, covering an area of 100,000 hectares.(denny)