· Tata Power said it had agreed to sell its 30 percent stake in coal mining firm PT Arutmin Indonesia to Indonesia's Bakrie Group for 500 million. NSE % today announced sale of its 30 per cent stake in Indonesian coal company PT Arutmin for 500 million (Rs 3,150 crore) to cut its debt.
· Arutmin Sarongga is a thermal coal mine loed 50 kilometres north of Batulicin, South Kalimantan producing lignite coal for export and domestic markets. Arutmin comprises five separate operations Mulia, Satui, Senakin, Sarongga and Batulicin which are all loed in South Kalimantan.
· They include coal miners PT Arutmin Indonesia (whose permit expires in 2020), PT Kaltim Prima Coal (2021), PT Multi Harapan Utama (2022), PT .
Arutmin Indonesia Site Senakin at Pit A. PT. Arutmin Indonesia conducting a study on optimizing thin coal seam mining with a minimum thickness of 20 cm. Regarding to the coal thickness minimum limit is the optimal limit of the equipment capabilities used at Senakin.
Currently he is President Commissioner of PT Kaltim Prima Coal and PT Arutmin Indonesia, both are the biggest exporters of thermal coal in Indonesia. Both mines are a joint venture (70:30) between PT Bumi Resources Tbk, Indonesia, and Tata Power Ltd., India.
· Tata Power exits Indonesian coal firm Arutmin for 500 million. Tata Power on Friday announced sale of its 30 percent stake in Indonesian coal company PT Arutmin for USD 500 million (Rs 3,150 crore) to cut its debt.
Arutmin is one of the major coal producing and exporting companies in Indonesia. It signed the first coal mining contract with the Government of Indonesia in 1981 and is therefore the longeststanding private coal producer. Arutmin manages 4 mines Senakin, Satui, Mulia, and Batulicin and an international coal export terminal. Senakin, Satui, and.
The writer takes a study case from one on the area's PT Arutmin Indonesia concession. The loion of the research area is situated in "Pit 4 Spessartine" with the coal thin seams succession from interval delta lower 2 – echo 1 lower. The Stratigraphy of the research area is a part of the Warukin Formation – Asem Asem Sub Basin.
· Tata Power exits Indonesian coal firm Arutmin for 500 million 31 Jan, 2014, PM IST. Tata Power said it had agreed to sell its 30 percent stake in coal mining firm PT Arutmin Indonesia to Indonesia's Bakrie Group for 500 million.
· They include coal miners PT Arutmin Indonesia (whose permit expires in November 2020), PT Kaltim Prima Coal (2021), PT Kendilo Coal Indonesia (2021), PT Multi Harapan Utama (2022), PT Adaro ...
· Banjarmasin – PT Arutmin Indonesia (Arutmin), as a subsidiary of PT BUMI Resources Tbk.("BUMI"or "The Company") on 2 November 2020 by virtue of the Decree of Minister of Energy and Mineral Resources of the Republic of Indonesia /33/MEM/2020 regarding Special Mining Business Permit for the Continuation of Operation of Contract/Agreement of PT Arutmin Indonesia.
Thiess Indonesia secured the longterm operational contract for the Senakin Coal Mine in South Kalimantan in 2000 with mine owners Arutmin. The alliance was further extended in .
The Indonesian coal industry is rather fragmented. Output is supplied by a few large producers and a large number of small firms. Large firms in the industry include the following: PT Bumi Resources (the controlling shareholder of large coal firms PT Kaltim Prima Coal and PT Arutmin Indonesia) PT Adaro Energy; PT Kideco Jaya Agung
In November 2001 Bumi Resources acquired 80% of PT Arutmin Indonesia (Arutmin) from BHP Minerals Exploration Inc. At the time of acquisition, Arutmin was the fourth largest coal producer in Indonesia. In April 2004, Bumi Resources brought its shareholding in Arutmin up to % and the following year undertook a minor divestment of its shareholding in KPC.
· Tata Power today announced sale of its 30 per cent stake in Indonesian coal company PT Arutmin for 500 million (Rs 3,150 crore) to cut its debt. The development comes in the wake of the company ...
· They include coal miners PT Arutmin Indonesia (whose permit expires in November 2020), PT Kaltim Prima Coal (2021), PT Kendilo Coal Indonesia (2021), PT Multi Harapan Utama (2022), PT Adaro ...
Arutmin Indonesia (Arutmin), and PT. AP Investment through PT. Ithaca Resources also has several coal mining licenses, including PT. Kaltim Nusantara Coal ("KNC"). The coal gasifiion that will be built in this cooperation is designed to convert coal to syngas for methanol production from coal supplied from KPC and KNC. Note
· Indonesia has reversed coal export bans for three companies after they complied with domestic market obligations, an official at the energy and natural resources ministry told Reuters on Monday.
Identifying diapir occurrence is essential in coal mining activities knowing it behaves like an intrusion that can lead to a reduction in coal reserve. As we can observe in PT Arutmin Indonesia mining field. The presence of mud diapir on PIT HG has been proved to cut down its coal reserve, with the total area affected is 0,7 Ha.
· Tata Power exits Indonesian coal firm Arutmin for 500 million 31 Jan, 2014, PM IST Tata Power said it had agreed to sell its 30 percent stake in coal mining firm PT Arutmin Indonesia to Indonesia's Bakrie Group for 500 million.
· PT Arutmin Indonesia is one of the major coal producing and exporting companies in Indonesia. It signed the first coal mining contract with the Government of Indonesia in 1981 and is therefore the longeststanding private coal producer. PT Arutmin Indonesia exports most of its coal production to the world market.
PT Arutmin Indonesia is a modern coal mining company supplying highly competitive coal products with a high reactivity and excellent combustion characteristics. Stringent quality assurance procedures and outstanding customer support have made us a preferred provider of coal products for power plants and industrial plants in Asia and beyond. PT Arutmin Indonesia's firm commitment to ...
· PT Bumi Resources (PT BR) became the country's largest producer of coal after acquiring KPC and PT Arutmin Indonesia, which is the fourth largest coal mining company. PT Bumi Resources acquired 80% of Arutmin from BHP Mineral Exploration Inc in 2001 and bought the remaining % later from PT Ekakarsa Yasakarya Indonesia.
· The company, however, does not see any fuel supply shortage after exiting Arutmin as it will continue to hold its interest in another Indonesian coal company Kaltim Prima Coal (KPC). Tata Power through its whollyowned subsidiary has signed an agreement to sell its 30 per cent stake in Arutmin and associated companies in coal trading and infrastructure to a Bakrie Group entity, a company ...
