Programs and Projects
Coal
INDONESIAN COAL PROJECTS
DESCRIPTION:
The 5,000 hectare concession area is specifically located in Ampah, Tamiang Layang, Barito Utara, Central Kalimantan. It is accessible via a 7-hour land travel from Balikpapan or a 6-hour land travel from Banjarmasin. A loading port is situated in Barito River with a 7,500-ton barging capacity.
When coal occurrence in Ampah was verified, coal samples were collected for laboratory analysis. Based on the results of the investigation, at least four (4) coal seams, with thickness varying from 2 – 4 meters, have been identified as Bituminous coal with a Calorific Value (CV) ranging from 6,900 to 7,700 Kcal/kg. Initially, about 12.5 million MT of potential reserves have been computed over a 300-hectare of the Ampah concession area. With these, PNOC EC is now ready to conduct due diligence on the viability of entering into a JVA with PT Putra Asyano Mutiara Timur (PAMT) for the development, production and marketing of coal from the Ampah Coal Project in Central Kalimantan, Indonesia.
STATUS:
PNOC-EC has entered into a joint venture agreement with PT Putra Asyano Mutiara Timur (PAMT), for a joint coal mining project of the Ampah coal concession located in East Kalimantan, Indonesia
PNOC-EC representatives started due diligence activities in Indonesia in March. PNOC-EC also completed an ocular inspection on three coal operating mines, and a gathering of coal samples from the outcrops exposed at the local concession of PAMT.
PNOC-EC reviewed details of the activities of Ampah for the exploration drilling, topographic survey and related budget.