SINGAPORE (Indonesia Today) – Sakari Resources Ltd has significantly upgraded the coal reserves at Sebuku mine as at late June 2012.
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Sebuku???s coal reserves at June 2012 stood at 22.1 million tons of proven reserves and 9.4 million tons of probable reserves with around 26.5 million tons are marketable.
Previously, the reserves as of end 2011 stood at 1.6 million and 5.5 million tons of proven and probable reserves respectively with 6 million tons of them are marketable.
Additionally, Sakari also has despatched a circular to shareholders of the company following the acquisition offer made by PTT Mining Ltd. The circular contains the advice of Ernst & Young, recommendation of the independent directors, and other information. (bintang@theindonesiatoday.com)