Thursday, 24 January 2013


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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