JAKARTA: PT Bukit Asam Tbk (PTBA) claimed to have not gotten the latest developments regarding the planned coal to liquid project with South African mining company, Sasol, the value of investment reached U.S. $ 10 billion.
Company Secretary PTBA, Achmad Sudarto said, until now it has not been recent talks with the relevant parties coal to liquid project this. He was reluctant to mention the status of the project plan is now null and void because they have not had time status of cooperation established between the two parties.
"During these discussions it new. So if ya have not called the status of how the latest developments there. Last discussion I think it was last year, "said Achmad.
If Sasol will again offer a plan of cooperation related to these mega-projects, said Achmad, PTBA likely to stick to the original plan to supply coal to Sasol for the project was about 500 million tons. Previously, the Sasol reportedly asked PTBA to supply up to 2 billion tons of coal.
"We are also yet to receive the latest news from BKPM [Investment Coordinating Board] Sasol project related. So we ask only to the BKPM, "he said.
Associated with the production, this year, said Achmad, PTBA target production volume could reach 17 million tons, up from the 2010 production of around 14 million tonnes. The target production rate is targeted by PTBA still comes from mines that have been held at this time.
"We also still do the assessment at several mines. We expect the first half of this year or the end of this year we can get at least one or two new mines. "
When questioned further about the targeted mines, Achmad still reluctant to talk about it in more detail. He just said that the mines that are currently being approached in the region of Borneo.
As for financing the acquisition, the PTBA menganggarkannya from internal pocket. This year PTBA allocate capital expenditures of about Rp1, 8 trillion, whose allocation is mainly for acquisition of new mines. In addition, fund capital expenditures will be used to increase and develop production.
Achmad also revealed still negotiating additional supply of coal for state electricity company PT (Persero). Because still in the negotiation process, Achmad reluctant to mention the amount of additional supply. He only mentioned last year, PTBA supplying about 7 million tons of coal for PLN.
Previously, Director of PTBA, Sukrisno revealed his side had an additional 14.5 million tons of coal in order to increase the fuel supply PLN's power plants. Figures 14.5 million tons of coal are planned to be supplied in stages over the next 20 years.(*)
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