By Romel S. Gurky
Indian firm Rohit Ferro-Tech Ltd announced on Tuesday that its subsidiary PT Bara Prima Mandiri (BPM), which has a coking coal mining concession in Central Kalimantan, has started commercial sales on Nov. 19, 2013 by shipping its first cargo to China.
The Indian firm owns a 60 percent stake in BPM through its Singaporean wholly owned subsidiary SKP Overseas Pte Ltd which bought the stake from PT Pacific Samudra Perkasa (PSP) in 2008.
Rohit said in a statement it is in the process of finalizing one of the largest mining contractors in Indonesia for expanding the production to reach at the optimum production capacity by March, 2014.
The company has targeted to produce approx. 500,000 metric tons of coking coal per year from the open cast reserves. Considering the huge potential in underground mining, the company is also doing a further techno-commercial study to enhance the capacity in coming years.
BPM has a concession measuring 3,851 ha. The mine has a reserve of around 5 million tons of coking coal (7,800-8,300 Kcal/Kg).
Aside from BPM, Rohit, through the Singaporean subsidiary, also has 60 percent stake in PT Palopo Indah Raya (PIR) which it also bought from PSP in 2008.
Editing by Johannes Simbolon
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