Indomining bags operation production license extension
Tuesday, April 2 2013 - 01:40 AM WIB
East Kalimantan coal miner PT Indomining (IM), a coal unit of IDX-listed PT Toba Bara Sejahtra has obtained mining production operation license (or known locally as IUP Operasi Produksi) extension in mid March, 2013, the company?s official told Petromindo.Com.
Indomining has bagged the extension in March 15, 2013, which was issued by Kutai Kartanegara regent, the source said. The license is valid until March 15, 2023
Indomining aims to increase its coal output to 1.5-1.8 million tons in 2013 from 1 million tons in 2012.
The company?s mine is located in Kutai Kartanegara regency, which started production in 2007. The company produces coal with CV of 5,700 Kcal/kg (GAR) and 0.9% total sulphur.
Editing by Adianto P. Simamora