SYDNEY (Yosefardi) – Realm Resources Ltd. is continuing to engage with prospective buyers and/or strategic off take partners interested in the Company’s development ready thermal coal project in Central Kalimantan.
Interest has mainly been directed at domestic supply opportunities and specifically PLN’s (Indonesian State owned Electricity Corporation) proposed 200Mw power station development in the vicinity of Kasongan.
With the Indonesian election now finalised, management will re-engage with PLN officials to explore opportunities as a number of major power developers have expressed interest in partnering with Realm.
Katingan Ria 4,200kcal GAR coal has remained at around US$36/t.