Indominco to complete IPCC feasibility study

East Kalimantan coal miner PT Indominco Mandiri, a coal unit of Indonesia-listed coal miner group PT Indotambang Raya Megah (ITM) is expecting to complete a feasibility study (FS) to build integrated conveying system called in-pit crushing and conveying (IPCC) methods to optimize Indominco?s East block coal mine reserves in this year.

?The company is hiring consultant from Australian company to conduct FS,? the company official told Petromindo.Com on Monday without giving the name of the consultant.

The official did not giving the exact timeline for the completion of the IPCC project.

Under its 2010-2015 expenditure plan, ITM will expend around US$189 million to build the project.

The East block commenced operations in 2009 and in 2010 produced 4.2 million tonnes of coal. Combined measured resources from Indominco mine is 592.6 million tonnes, including from East block is 354.7 million tonnes.

Indominco has two operating blocks called West block and East Block. Last year, Indominco produce 14 million tones of coal and this year, Indominco is expecting to produce 14.5 million tonnes. (giok/denny)