LA: NEW YORK: LONDON: BEIJING: HONGKONG: TOKYO:
Coal mining location: Sungai Lilin, District Musi Banyuasin, South Sumatra province, INDONESIA. 125 km from Palembang 'the capital city of south Sumatra province. This concession is 3rd generation Coal Contract of Work Company CCOW or PKP2B was signed 20th Nov 1997 with a retained balance after exploration work areas of 19,340 Ha. 10 km hauling road and 110 km barge transhipment to Banyu Asin Anchorage. Mutiara coal mine has signed twenty year coal purchase agreement with PLN 'domestic state power plant, the low rank coal (LRC)
Mutiara has completed JORC Resource and Reserves Statement for Cinta Block and Berlian Block (Part of I of III ) conducted by PT. Britmindo which confirm mineable reserve of 70 Million Tons for Cinta with average Stripping Ratio 1.7 Bank Cubic Meter (BCM) and mineable reserve of 54 Million Tons for Berlian with average Stripping Ratio 3.3 BCM (June 2009)
The coal quality as follows:
Available Dewatering Plant technology to reduce TM max upto 10% humidity, by KEMIA Handels –und Projektierungs GmbH, Vienna, Austria
Advantage of MUTIARA:
1. HUGE RESERVE 124 MIO TONS, JORC standard, for Prospect areas I, not yet II and III.
2. Low Ash and Low Sulphur content
3. GCV range 5249 ~5993 KCAL/KG (ADB) IS FIT FOR POWER PLANT CONSUMPTION
4. Low Stripping Ratio 1: 2,2
5. All required permit on hand.
Opportunity: open majority equity participation start from 55%
Dr. D. Didik Sucahyo Oei
CEO of HARVESTINDO