17.01.2015 Views

Adaro terus berkembang di 2013 - The ASIA Miner

Adaro terus berkembang di 2013 - The ASIA Miner

Adaro terus berkembang di 2013 - The ASIA Miner

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Indonesia<br />

Noble obtains Pan Asia stake<br />

Noble Resources International, a subsi<strong>di</strong>ary of Singapore-listed Noble<br />

Group has acquired a stake in Pan Asia Corporation and has also been<br />

appointed a strategic advisor to PT Transcoal <strong>Miner</strong>gy. PT TCM is developing<br />

a high CV thermal coal project in South Kalimantan and is 75% owned<br />

by Pan Asia. Noble will subscribe for 7 million shares amounting to 5.34%<br />

of Pan Asia and will appoint a non-executive <strong>di</strong>rector to Pan Asia’s board.<br />

Pan Asia CEO Alan Hopkins says, “We are very pleased to further<br />

strengthen the ties between the companies. We have a shared motivation to<br />

expe<strong>di</strong>te the advancement of production at TCM, and to pursue ad<strong>di</strong>tional<br />

growth opportunities. In particular, Noble has a strong understan<strong>di</strong>ng of and<br />

presence in the Indonesian coal industry and can provide Pan Asia with<br />

invaluable support in delivering the TCM project.”<br />

Harum completes KUP acquisition<br />

PT Harum Energy has completed the acquisition of 50.5% of PT Karya<br />

Usaha Pertiwi (KUP) for a total consideration of US$2 million. KUP holds<br />

a mining business licence (IUP) for a thermal coal concession in Kutai<br />

Kartanegara Regency, East Kalimantan. KUP’s concession area of about<br />

2700 hectares is adjacent to Harum’s Mahakam Sumber Jaya (MSJ) and<br />

Santan Batubara (SB) mines. Due to this proximity, KUP coal is expected to<br />

have similar characteristics to coal from MSJ and SB, and allow its future<br />

coal production to utilize most of Harum’s existing infrastructure.<br />

Pre-operation and exploration activities at KUP are expected to begin<br />

shortly. Harum’s operating mines produce low ash, low sulphur thermal coal<br />

with bituminous characteristics which are marketed to a <strong>di</strong>versified customer<br />

base in Asia.<br />

Indomining signs contractor deal<br />

Indomining, a subsi<strong>di</strong>ary of Toba Bara Sejahtera (TBS), has signed a<br />

US$115 million agreement with RPP Contractors Indonesia to develop a<br />

coal mine in East Kalimantan. Work to be undertaken includes land clearing,<br />

overburden removal, ripping, loa<strong>di</strong>ng and transporting waste management,<br />

road maintenance, and treating water.<br />

RPP replaces previous contractor Saptaindra Sejati, whose commitment<br />

had expired. Indomining’s concession, which covers 683 hectares of land, is<br />

in Sanga-Sanga, Kutai Kartanegara, East Kalimantan. Total coal reserves at<br />

the mine, which the company has operated since 2007, are estimated to be<br />

37 million tonnes.<br />

TBS owns a majority stake in three coal subsi<strong>di</strong>aries - Indomining<br />

(99.99%), A<strong>di</strong>mitra Baratama Nusantara (51%) and Trisensa <strong>Miner</strong>al Utama<br />

(99.92%). <strong>The</strong> company is targeting production of 12.1 million tonnes by<br />

2014, up from the 7.6 million tonnes estimated for 2012.<br />

Investama opens mine in Aceh<br />

With the opening of its new mine in Aceh, Sumatra, publicly-listed PT<br />

ABM Investama aims to sell 6 million tonnes of coal this year. Last year’s<br />

coal sales were slightly more than 4 million tonnes. <strong>The</strong> company has coal<br />

reserves and resources of 221 million and 561 million tonnes respectively.<br />

ABM Investama is a member of Tiara Marga Trakindo Group, the <strong>di</strong>stributor<br />

of Caterpillar heavy equipment, and runs its coal mining business<br />

through subsi<strong>di</strong>ary PT Reswara <strong>Miner</strong>gi Hartama, which has a concession<br />

in South Kalimantan held in turn by its subsi<strong>di</strong>ary PT Tunas Inti Aba<strong>di</strong>, and<br />

in Aceh held by yet another subsi<strong>di</strong>ary, PT Me<strong>di</strong>a Djaya Bersama.<br />

PHI Group acquires Tambang Sekarsa<br />

PHI Group has signed a definitive agreement to acquire 70% of equity<br />

ownership in PT Tambang Sekarsa Adadaya (TSA) for $10.5 million cash<br />

and stock. PT TSA owns a 9690-hectare coal concession with 71 million<br />

tonnes of measured coal resources and 205 million tonnes of in<strong>di</strong>cated<br />

resources in West Sulawesi. <strong>The</strong> agreement will see PHI pay a total of $5.25<br />

million in PHI Group common stock and $5.25 million in cash to TSA.<br />

<strong>The</strong> company intends to set the annual production level at 3 million<br />

tonnes by the second year of full operation.<br />

April <strong>2013</strong> l Coal Age Indonesia l 21

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!