BRISBANE, Indonesia Today – Cokal Ltd has received Ministry approval for exploration forestry permit (Izin Pinjam Pakai) covering its Bumi Barito Mineral (BBM) metallurgical coal project.
The permit is critical for the use of larger capacity equipment which will allow for high impact exploration drilling activity of its Indonesian coal targets.
Chairman Peter Lynch said the company expects to complete and announce the results of BBM pre-feasibility study (PFS) this month and has also substantially completed its Environmental Impact Statement (EIS). The PFS provides a number of options for developing an open-cut coal mine in BBM and the associated infrastructure and coal transportation.