PTT in talks to sell mines
Saturday, May 27 2017 - 03:09 AM WIB
Thai firm PTT Energy Resources (PTT ER) is in talks to sell its two coal mines in Indonesia.
Industry sources told Petromindo.Com that the company is in talks with another Thai firm Banpu Pcl and a unit of Indonesian conglomerate Sinar Mas.
PTT ER through its unit Sakari Resources operates two producing mines in Kalimantan, namely PT Bahari Cakrawala Sebuku and PT Jembayan.
Bahari Cakrawala Sebuku is located in Sebuku island. Sakari?s concessions? area totals over 18,000 hectares on the west portion of Sebuku, extending into a shallow sea water basin that has a mean depth of about 5 metres between Sebuku and the larger neighboring island called Laut Island.
Sakari has been mining high quality coal at Sebuku using open pit methods, since 1997.
Jembayan Muarabara Jembayan mine covers an area of over 12,000 hectares in East Kalimantan, some 150 kilometres north west of Balikpapan and 80 kilometres inland.
The mine was acquired by Sakari in December 2007 .
The two mines produced 8 million tonnes of coal in 2015.