ITM says coal terminal expansion to be completed Q1 2010

IDX-listed coal mining firm PT Indo Tambangraya Megah (ITM) said expansion program at its Bontang Coal Terminal in East Kalimantan will be fully completed in the first quarter of 2010.

The company said on Monday that loading capacity and stockpile expansion works at the terminal had been completed. The company is expanding loading capacity to 18.5 MTPA from 12.5 MTPA and stockpile capacity to 650,000 tonnes from 350,000 tonnes.

The remaining work to be completed is construction of coal barge unloader, the company said.

The expanded terminal would be able to berth coal vessel with the size of up to 95,000 DWT.

The terminal will be 100 percent used to handle coal production from its subsidiaries.

ITM, which is a unit of Thai energy firm Banpu PCL has five coalmines in East and South Kalimantan, namely: Indominco Mandiri, Jorong, Kitadin, Trubaindo and Bharinto Ekatama. (denny)