Coal Price Rally Pushes Mine Exploration

By Editorial Team 12/10/2021
Summary

Several coal miners are ramping up exploration activities amid surging coal prices. PT Indika Energy Tbk subsidiary PT Kideco Jaya Agung plans exploration activities in the South Roto, South Roto G, and Samurangaudi areas in the Roto Samurangau Block. The company also plans explorations in Uko, Susubang Uko, and Samu Biu Blocks. "Drilling activities in October are planned to complete 35 holes with a target depth of 6,167 meters," Indika Energy management said in information disclosure on Monday.

Meanwhile, PT Indo Tambangraya Megah Tbk continued its exploration activities, which started in July to September 2021, in its two subsidiaries, PT Trubaindo Coal Mining and PT Indominco Mandiri. In the disclosure, Indo Tambangraya stated that the activity is focused on pre-production and development drilling, using the open hole and coring methods. Trubaindo Coal Mining ran drilling operations in the North Block and South Block. Meanwhile, Indominco Mandiri conducted infill drilling in the East Block.

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