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| COAL MINING |
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| NICKEL MINING |
Jakarta - PT Asia Natural Resources Tbk (ASIA) received a loan of 10 million USD from Singapore Crest Capital for trading coal.
"We're getting a loan from Crest Capital to buy coal for about 10 million USD and we will export to China began the second half, made a contract to China for a year," said President Director of PT Asia Natural Resources Tbk, Paul Junanda,
The Company targets sales of at least 40 thousand tons of coal worth U.S. $ 2.6 million per month for export. While domestic sales of 25 thousand tons with a value of Rp10 billion per month. Paul is targeting sales of coal trading reached Rp750 billion to Rp1 trillion in 2010. Until the first half 2010 sales estimated to reach Rp60 billion. "It is estimated that approximately Rp60 billion to the first 6 months. This is because there is pending a contract until July 2010," added Paul.
The Company will be budgeted capital expenditure of about Rp150 billion to Rp200 billion. Fund capital expenditures will come from existing shareholders. Paul said that capital expenditures will be used for land clearing and equipment purchases.
As is known, the Company through its subsidiary PT Tekonindo obtain a mining permit an increase in business license nickel mining and production operations. PT Tekonindo a mining exploration license covering an area of 3335 hectares of nickel mining in Kabaena island, Southeast Sulawesi. Permits production operations with an area of 576 hectares with an estimated deposit of nickel up to 70 million tonnes.
Related to the purchase of shares of Asia by the Trust's Investment Bearing Vier Jamal, Paul said, the purchase of shares by 35% by the Vier Jamal is being conducted due diligence process between both sides, especially the shareholders.
Currently shareholding Wellstead Asia Investment Pte Ltd for 23.82%, Rich Achieve Ltd for 36.46% and the public about 39.72%. [Cms]
"We're getting a loan from Crest Capital to buy coal for about 10 million USD and we will export to China began the second half, made a contract to China for a year," said President Director of PT Asia Natural Resources Tbk, Paul Junanda,
The Company targets sales of at least 40 thousand tons of coal worth U.S. $ 2.6 million per month for export. While domestic sales of 25 thousand tons with a value of Rp10 billion per month. Paul is targeting sales of coal trading reached Rp750 billion to Rp1 trillion in 2010. Until the first half 2010 sales estimated to reach Rp60 billion. "It is estimated that approximately Rp60 billion to the first 6 months. This is because there is pending a contract until July 2010," added Paul.
The Company will be budgeted capital expenditure of about Rp150 billion to Rp200 billion. Fund capital expenditures will come from existing shareholders. Paul said that capital expenditures will be used for land clearing and equipment purchases.
As is known, the Company through its subsidiary PT Tekonindo obtain a mining permit an increase in business license nickel mining and production operations. PT Tekonindo a mining exploration license covering an area of 3335 hectares of nickel mining in Kabaena island, Southeast Sulawesi. Permits production operations with an area of 576 hectares with an estimated deposit of nickel up to 70 million tonnes.
Related to the purchase of shares of Asia by the Trust's Investment Bearing Vier Jamal, Paul said, the purchase of shares by 35% by the Vier Jamal is being conducted due diligence process between both sides, especially the shareholders.
Currently shareholding Wellstead Asia Investment Pte Ltd for 23.82%, Rich Achieve Ltd for 36.46% and the public about 39.72%. [Cms]
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