ITMG to close down Tandung Mayang mine in November
Thursday, August 20 2015 - 05:27 AM WIB
IDX-listed coal mining company PT Indo Tambangraya Megah Tbk (ITMG) said last week it was making final preparations for the closure of its Tandung Mayang concession in East Kalimantan in November of this year.
ITMG said the Tandung Mayang 2015 coal production target is 2 million tons. " (Second quarter 2015 ) 2Q15 production achieved as according to plan," it said.
ITMG first announced in May its plan to cease mining activities at Tandung Mayang, run by subsidiary PT Kitadin, due to depleting reserves.
According to company website, Kitadin?s Tandung Mayang mine has a concession area of 2,338 hectares and is located in Tandung Mayang, in the Regency of East Kutai, East Kalimantan. The coal has calorific value of 6,700 kcal/kg and sulfur content of 1.6 percent.
Editing by Reiner Simanjuntak