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Wednesday, 14 December 11
TIMAH PLANS TO BOOST ITS COAL PRODUCTION TO TWO MILLION TONS PER ANNUM - SOURCES


COALspot.com - Timah plans to boost its coal production to two million tons per annum. The company also expects to acquire coal concession with minimum reserves of 50 million tons, according to corporate secretary of Timah.

According to Kontan, online publication of Kontan business paper, PT Timah Tbk has secured financing commitment from banks of up to Rp 3 trillion to acquire coal concessions.

Kontan further reported that, "We have secured commitment from domestic and offshore banks between Rp2 and Rp3 trillion," said Abrun Abubakar, corporate secretary of Timah. The company expects to acquire coal concession with minimum reserves of 50 million tons.

Timah currently owns one coal concession in South Kalimantan with annual production capacity of 1 million tons.



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