PT Trada Maritime Tbk Buy coal mines

Jakarta-PT Trada Maritime Tbk (TRAM) which is an international marine transportation company, is currently in the process of buying coal mines in the area of 5350 hectares Mantar, Peace, and West Kutai in East Kalimantan.

According to the plan, the mine will operate and begin production in late 2012 with a capacity of 100 million tons of reserves. Coal mine is expected to produce for a period of 10 to 15 years to meet world energy needs.

Ownership of the mine plan was announced on Thursday (09/08/2011), as stated in a press release after the signing of a Memorandum of Understanding between PT Trada Maritime Tbk (TRAM) and Zakia Limited in the purchase of convertible bonds (CB) issued by PT Awesome Coal.

Director Adrian Trada Maritime Erlangga explain if Zakia Limited is a company that stood in the UAE. While Awesome Coal Indonesia is the owner of the company from 99.99 percent of PT Batu Karya Berkat.

PT Batu Karya Berkat is the holding company of PT Gunung Bara Utama, a company that licensed mining production operations at Mantar, Dumai, West Kutai, East Kalimantan.

And acquisition plans are intended to strengthen the company's business plan and strategy to expand in the dry bulk segment (dry bulk).

Ownership of natural resources, said Adrian, will increase the demand for transport services, both for domestic and transhipment or export purposes.