Hasnur sells S. Kalimantan coal mine
Thursday, March 4 2010 - 01:31 AM WIB
Kalimantan coal mining group Hasnur Group has sold its entire stake in South Kalimantan coal mine PT Mantimin Coal Mining.
An industry source told Petromindo.Com that Hasnur sold its 100 percent interest to undisclosed Indian company.
Mantimin, a coal contract of work (CCoW) holder, is located in Hulu Sungai Tengah, Hulu Sungai Utara and Tabalong regencies, covering an area of 100,000 hectares.
A Hasnur official last year said Mantimin was targeted to produce 500,000 tonnes of low CV coal this year, ramping up to 2 MTPA a year after. The official estimated the investment to build the mine will be at around US$150 million, including 130-m haul road from mine to port (denny)