Sembawang seeking concession development partnership
Friday, May 11 2012 - 02:00 AM WIB
PT Sembawang Indonesia, a subsidiary of Indian Sembawang Engineers and Constructors Pte. Ltd., said that it was looking for concession holders wishing to develop brownfield thermal coal deposits in Indonesia.
?We are looking for concession holders who wish to develop their brownfield or greenfield thermal coal deposits with a big partner whose reputation is based on trust founded on honor,? the company said in its statement.
Headquartered in Singapore, Sembawang has an extensive world presence with offices among others in Malaysia , Indonesia, Hong Kong, China, India and Australia.
Sembawang earlier signed an agreement to acquire a 50 percent stake in a thermal coal mine company in Barito Utara. The concession has currently estimated resources of 134 million tons and potential in situ reserves calculated at 57 million ton.
Editing by Adianto P. Simamora