Reswara?s Aceh barge loading conveyor system on progress
Wednesday, April 3 2013 - 02:18 AM WIB
Aceh coal miner PT Mifa Bersaudara, a coal unit of Aceh-based firm PT Media Djaya Bersama (MDB), said that the progress on the construction of a barge loading conveyor system had reached around 27.5 percent as of Dec 2012.
Media Djaya Bersama is owned by PT Reswara Minergi Hartama, a coal holding unit of IDX-listed integrated firm PT ABM Investama Tbk.
Mifa has paid $11.45 million from total contract costs of the project of $40.87 million, the parent company said.
The contractor of the project is PT Bangun Artha Hutama
The mine is located in West Aceh regency with an area of 3,143 ha. The mine, which has a reserve of 150 million tons of low rank coal, had entered production stage and produced of 30,000 tons of coal in 2012
Editing by Reiner Simanjuntak