Wahana Baratama completes feasibility study of S. Kalimantan coal mine
Tuesday, August 23 2005 - 03:45 AM WIB
Coal mining firm PT Wahana Baratama Mining has recently completed the feasibility study report for its coal mining concession in Satui, South Kalimantan.
According to company’s report, a total of 41.9 million tons, from around 64.7 million tons of coal measured reserve at two blocks of the concession, is feasible to be marketed for a 16-year period.
The report said Wahana would produce around 0.3 million tons in the first year of production and ramping up to 3 million tons after three years of production.
It also said coal product is expected to be sold at average calorific value of 7,000 Kcal/kg.
Last October, Wahana signed a preliminary agreement with South Korean firms Korea Resources Co. and Daewoo International Corp to co-develop the coal mine. (Robert)