Kangaroo: Bayan completes new hauling road in E. Kalimantan
Thursday, April 30 2015 - 07:02 AM WIB
ASX-listed Kangaroo Resources Ltd said that IDX-listed coal mining firm PT Bayan Resources Tbk has completed construction of a new 69-Km hauling road from the latter?s TABANG coal concession areas in East Kalimantan to Senyiur Port on the Kedang Kepala River.
It added that Bayan has also commenced hauling coal from the TABANG project to the Senyiur Port.
?This new haul road now provides first class access to seven of the PAKAR coal concession areas,? Kangaroo said in a statement Thursday, referring to its coal mining concession in Kutai Kertanegara Regency, East Kalimantan.
Kangaroo last year signed an agreement last year with Bayan on the shared use of the new TABANG infrastructure facilities.
The company?s existing barge loading facilities at Senyiur Port were used to run trial barging using 7,000-ton capacity barges on the Kedang Kepala River, Kangaroo said.
An additional barge loading conveyor is being constructed by Bayan adjacent to the company?s existing 6Mtpa barge loading conveyor. This will increase overall port capacity at Senyiur to 18Mtpa.
Kangaroo said late last year it was in the process of renewing and updating the necessary permits and licenses to allow its PAKAR North coal project to start production in 2016.
The Pakar concessions consist of 9 contiguous concession areas that cover a total area of 35,572 Ha. The concessions are PT Tiwa Abadi (TA), PT Tanur Jaya (TJ), PT Dermaga Energi (DE), PT Orkida Makmur (OM), PT Sumber Api (SA), PT Cahaya Alam (CA), PT Bara Sejati (BS), PT Apira Utama (AU) and PT Silau Kencana (SK).
Initial exploration work has enabled a JORC compliant Report to be issued by PT Runge Indonesia in March 2011. The report estimated 16Mt of Proven Reserves, 428Mt of Probable Reserves along with 111Mt of Measured Resources, 1092Mt of Indicated Resources and 1816Mt of Inferred Resources. (JORC 2004) The Sub-Bituminous seams exhibit low stripping ratios, shallow dip (<5 degrees) and thick coal seams ranging in thickness from 10-22 meters, according to the company.
Editing by Reiner Simanjuntak