Medco
energy had succeeded in making premier delivery of 38,000 tons of coal from the
mining zone of Nunukan in the Province of East Kalimantan. The shipment of coal
was made from the harbor Sebakis and sent to the of Nunukan to China Coal
Solution Pte Ltd as buyer in China.
Medco
who holder of Mining Operation Permit (IUP) in Nunukan produced coal with the
following specification : calorie content 6,500 kcal/kg [air dried basis]. Dust
content was only half while water content was low. Today the Company produced
25,000 tons of coal per month. In the future the company planned to multiply
the amount as soon as long term contract was signed with buyers. Total
production output in 2012 was estimated at 150,000 tons but was targeted to
reach full capacity in January 2013.
The
second delivery of cargo was scheduled for October. The company was expecting
to get buyers of greater volumes of coal and sign long term contract “We are
proceeding discussions with candidate buyers for future contracts. This first
shipment is our business achievement” Lukman Mahfuds, President Director &
Corporate CEO told Business News (4/10).
Production
target was estimated to reach 50.000 tons of coal in the next few months.
Business advancement was well underway, while maximizing the existing asset and
resources.
Meanwhile
of PT PLN Haleyora Power, subsidiary company of PT PLN (Persero) had signed
agreement with Indonesia Port Corporation (PT Pelabuhan Indonesia II) to set up
a joint venture company in electricity energy procurement in harbor zones and
other areas in Indonesia. The signing of agreement was follow up of joint
agreement between PLN and Pelindo II which was previously already exercised
early September 2012 last.
“Signing
of the Memorandum of Understanding to form a joint venture company for the
procurement of electricity, particularly in the harbor area under PT Pelindo
II, would hopefully be realized soonest” President Director of PT Pelindo II (Persero) R.J. Lino told Business News (4/10).
The
administrative procedures and operational were being prepared for the formation
of the company so the company would be expected to be in operation to enter
second and third phase next year.
PT
Pelindo II was ready to synergize in forming this joint subsidiary company
which would render electricity supply for the harbor area and other area in Indonesia.
The information of this joint enter price would maximize operations in the
harbor area because of constant and assured electricity supply.
To
establish this joint venture company, a basic capital of Rp600 billion was
needed. The paid up capital in the company came to RP150 billion or 25 percent
of principal capital. PLN held 45 percent of capital while Pelindo II held 55
percent. To manage this joint Venture company, a Board of Director would be
appointed consisting of President Director, Director of Finance, Director of
Human Resources, Director of Operations and Director of Business & trading.
Business News - October 10, 2012
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