Wed,Feb09,20111
The Bayur Block, sub-block Tani Bakti and South Purwajaya use core drilling method HQ-3 with grid pattern ranged 50 metres. The reserve calculation on the block is still in progress.
For the Loajanan block, the company will continue its geological mapping to decide the mine potential sub blocks. The company still conducts due diligence to drill block Separi.
“All blocks have been approved by Minister of Energy & Mineral Resource for the Exclusive Mining Rights (PKP2B) for production granted to PT Insani Baraperkasa," Corporate Secretary Lenny S.C. said.
Total exploration cost reaches US$1.12 million as of January.
KKGI is owned by Goodwin Investment Private Ltd (17.53%), PT Optima Investama (16.27%), OCBC Securities Pte Ltd (15.80%), UOB Khay Hian Ltd (11.29%), and Dunway Holdings Ltd (6%).
(sourced:theindonesiatoday)
Tag:Coal company,PT Resource Alam Indonesia Tbk(KKGI),RAIN Group,explored Bayur,Perangat,Loajanan blocks,January 2011,PT Insani Baraperkasa,blocks,East Kalimantan
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