Coal Exploration

The company is in the process of acquisition of 2 thermal coal concessions located in Malinau with land of size of 5000 ha and Tenggarong with land size of 7000 ha, both being in East Kalimantan and have early indications of having high caloric value. The exploration is carried out carefully using international standard best practice to estimate the coal reserve and design of the production. Early stage exploration indicates the coal reserve and production plan are economically viable.

Others Exploration

The company is considering to take over several resources companies where we are currently in the very early stage and will announce the process when commercial terms and initial technical and legal due diligence are positive.