Cokal gains ground at BBM
PERTH (miningweekly.com) – Coal hopeful Cokal is a step closer to developing its Bumi Barito Mineral (BBM) coal project, in Indonesia, after receiving an in-principle forestry permit.
The permit was the last stage before a borrow and use of forest area permit was issued, which would allow Cokal to start construction and mining at BBM.
“We are pleased that the final stage in forestry permitting is nearing completion. The effort of our team to achieve this milestone in the timeframe is testimony to the way in which Cokal has been able to work in a professional manner with stakeholders from all three levels of government,” said Cokal chairperson Peter Lynch.
He noted that the company had the ability to expand the operation from the initial two-million tonnes a year, up to potentially six-million tonnes a year for future development, which considerably increased Cokal’s confidence in the success of the project.
A feasibility study estimated that a capital investment of $75-million would be required to build the operation. Based on the current resource of 261-million tonnes, the project would have an estimated life of ten years.
Lynch said that in addition to providing written undertakings regarding the payment of relevant taxes and rehabilitation, the company would spend the next two to three months completing the pegging of the borrow and use forest area and would satisfy all the conditions required by the in-principle forestry permit.
The company hoped to start production at BBM in the second half of 2015.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.
VISIT SHOWROOM
Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
