Engineering & Mining Journal

AUG 2013

Engineering and Mining Journal - Whether the market is copper, gold, nickel, iron ore, lead/zinc, PGM, diamonds or other commodities, E&MJ takes the lead in projecting trends, following development and reporting on the most efficient operating pr

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INDONESIAN COAL success of its business model in South Kalimantan to create long-term, sustainable value from Indonesian coal. During the last quarter of 2012, MIP continued pre-stripping activities at the mine site with stockpile and water control facilities also built. At the end of 2012, more than 1 million bank m3 of material had been removed exposing up to 125,000 mt of coal. Land purchasing progressed and coal crushing started to build stockpile bases. The company continued to build orders for the sale of Ultima, the brand name of MIP's low-pollutant, low-heat value coal, to end users in Indonesia, China, India, Taiwan, Thailand, the Philippines and Vietnam. MIP is 75%-owned by Adaro through PT Alam Tri Abadi (ATA). During the fourth quarter of 2012, development alternatives for BEE were studied with the aim of producing a work program and budget for approval by shareholders. Exploration has included surface geological and aerial topographic mapping, sampling and 13,100 m of exploration drilling. An additional exploration drilling program is being carried out in the BEE mining area to provide supplementary www.e-mj.com Loading haul trucks at the Adaro project in South Kalimantan. data for the preparation of a JORC report on the area's reserves and resources. Base line environment and social programs have started. From exploration results to date, BEE is considered compatible with Adaro's other investments in electricity generation and is being promoted as a long-term, high-volume fuel AUGUST 2013 • E&MJ; 91

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