PT. Prima Bara Indonesia established on 2008, in Banjarbaru, Kalimantan Selatan. On the same year, PT. Prima Bara Indonesia get 2 Mining Licenses of 8.928 Hectares and 10.000 Hectares in 2 Kabupaten line up in Central Kalimantan Province.
In 2011, those 2 Mining Licenses has change into Mining Business Permit (IUP), we are currently still in the exploratory stage to find out how much the amount of coal reserves contained in it. Our target is by early year of 2012, we have been able to know the content of coal reserves in one of those IUP.
In doing these exploratory stage, supervised by one of the consultant company that has exploration mining expert, with JORC lisence. Our expectation is by early of 2012, this exploration report will be finished.
Our deadline target is by the 4th quarterly of 2012, this concession will begin to produce with production target of 200.000 MT per month for the year of 2012. We will increase this production target annualy accordance with the infrastructure completion.
To support a production target of the mentioned above, our company feel the need to build a port with a large capacity, and at this point a discussion is being conducted with the local goverment. We are planning by early of 2012; we already get the permit from the local government to build this port.