SYDNEY (Yosefardi) – Cokal Limited has completed definitive feasibility study for its 60% owned Bumi Barito mineral coal project located in Central Kalimantan, Indonesia.
The study has confirmed the Bumi Barito’s coal mine and associated transport system can be developed as a low capital cost operation with moderate to medium range operating cost.
The study approached the development as a 2 million tons per annum (Mtpa) open cut mining operation. Total coal resources is estimated for 261Mt.
The study also confirmed very low capital cost requiremens of US$75 million.
The construction will be commenced in April, 2014 and completed in December, 2014, with first production from Bumi Barito scheduled for first quarter of 2015.