Indika starts C. Kalimantan coal production
Friday, April 28 2017 - 02:27 AM WIB
Petromindo|Boim
IDX-listed firm PT Indika Energy Tbk reported on Thursday that it has commenced coal production from its Central Kalimantan coal mining subsidiary PT Multi Tambang Jaya Utama (MUTU).
According to the company?s quarterly report, MUTU started production and shipped 7,000 MT of coal with the value of US$ 0.6 million in the first quarter of 2017.
The company did not give detail about MUTU?s production target for this year.
In 2012, Indika acquired an indirect 85.0% equity interest in MUTU, a high-rank bituminous thermal and coking coal holding a third-generation CCoW based in Central Kalimantan, with a concession area of 24,970 hectares. Located approximately 30 km northeast of Ampah city and approximately 250 km north of Banjarmasin, MUTU has developed coal hauling roads with a capacity of 3.0 million tons per year and a barge port with a capacity of 5.0 million tons per year.