SYDNEY (Yosefardi) – South East Asia Resources reported, regarding PT PAR Coking Coal Project, coal production for the first shipment has now been completed at the PAR area of the PAR BBA Mine in East Kalimantan.
It said some delays have been experienced during the period in the shipping allocation as this coal forms part of a larger blended shipment from other East Kalimantan producers.
Finalisation of documents for the domestic off-take arrangements have been undertaken with the coking coal for steel mills to be barged from the port of Telen, which is 32 kilometres form the PAR Mine Coal.
Transportation by truck has commenced with product coal stockpiles now being prepared at Telen for conveyor barge loading. With the change in legislative requirements for export sales from 1 October for a CnC (Clean and Clear Certificate) these requirements are being progressed for future sales.
The Company has also over the period actively progressed discussions with major offshore groups with the view of developing Malala Molybdenum asset.
In light of the substantial increase in Molybdenum it is the companies view now that this project is progressed utilising the technical resources within the Company’s Indonesian subsidiary PT UMES.
Utilising the Company’s Indonesian Lawyers and PT UMES, discussions with provincial Government and other officials concerning all licenses and administrative matters have progressed such that all licenses are being updated and IUP’s compliant.
The Malala Project is located in the ToliToli Regency of Central Sulawesi Province, Indonesia, approximately 150km to the north of Palu. The total area forming the Malala Project is in excess of 240km2 spread across the five concessions all of which are located within 15km of the coast.