PTBA reviews coal railway project amid coal drop

By Thomas Sembiring

IDX-listed coal mining firm PT Bukit Asam Tbk (PTBA) will review a planned coal railway project linking South Sumatra and Lampung provinces amid further drop in the price of coal.

This was said by PTBA President Director Milawarma to Petromindo.com on Thursday, but did not provide further details.

PTBA is teaming up with the well-diversified Rajawali Group and China Railway to build a US$2 billion coal railway to transport coal from its Banko Tengah concession in South Sumatra to the Tarahan Port in Lampung.

Editing by Reiner Simanjuntak