Kikim Resources seeking prospective buyers
Monday, June 25 2012 - 07:36 AM WIB
By Adianto P. Simamora
South Sumatra Coal miner, PT Kikim Resources is seeking prospective buyers for long-term contract before starting production on its 5,000 hectares concession in Musi Banyuasin.
The company said that it has completed exploration showing average CV of 2,800 kcal/kg (GAR) and total moisture of 44 percent.
?The state-electricity firm PLN has actually approached us but we consider it is not feasible yet to start production this year. We are still seeking for prospective buyers for long-term contract,? the source of the company told Petromindo.com.
Editing by David Mustakim