Antam is preparing acquisition a new coal mine

Jakarta-PT Aneka Tambang Tbk (ANTM) preparing to acquire new coal mines. The aim is to anticipate the exhaustion of coal reserves in mines Sorolangun, Jambi.

Understandably, Sorolangun coal mines are the only coal mine owned by Antam. Therefore, these state-owned company ( BUMN ) should acquire another coal mine.

Antam's management is still keeping details of this acquisition plan. "Later found out the other," said tattoo Miraza, Director of Antam, last weekend. He asserted Antam has compiled a list of mines that have the potential to be acquired.

According to calculations Antam, Sorolangun mine has reserves of about 15 million tons of coal. Tattoos estimated reserves will be exhausted within seven to eight years.

This year the mining company is targeting production in Sorolangun reach 700,000 tons. Even so, until September, Sorolangun production levels are still far below the target.Deposit these mines totaled 8.25 million tons of coal quality on average about 5300 to 5500 Kcal/kg


As of September 2011, production had reached more than 300,000 tons. "We are optimistic that production will be boosted on target for three months," said tattoo. Next year, Antam will spur Sorolangun production to 1 million tons per year.

Antam to acquire Sorolangun mine through its subsidiary, PT Indonesia Coal Resources(ICR). Value reached USD 92.5 billion acquisition.

ICR formation which is engaged in coal business is part of Antam's business strategy to support development plans coal power plant to supply electricity at Antam's ferronickel facility.

Besides sold domestically, as well Sorolangun production is exported, including to China and India. The average selling price of coal Sorolangun reach U.S. $ 38-US $ 40 per ton. In the first semester, the Indonesia Coal coal sales reached 194,263 tons, with value of Rp 26.2 billion