Through PT Reswara Minergi Hartama (”Reswara”), ABM Investama owns several coal mine concessions in Indonesia producing low ash and low sulphur thermal coal.
Reswara owns concession rights for coal mining and production through PT Tunas Inti Abadi (“TIA”) which operates in South Kalimantan and PT Media Djaya Bersama (“MDB”) which operates in Nanggroe Aceh Darussalam. In PT Tunas Inti Abadi (“TIA”) - South Kalimantan, we engage in the business of open cut mining of low ash, low sulphur thermal coal. TIA coal is currently marketed as “TIA Compliant Coal” that is often sought by power generation companies in both domestic and foreign markets such as India, China, Thailand and the Philippines for use as blending coal. TIA has a concession area of 2,074 hectares and estimated to have 52 million tons of coal reserves and 106 million tons of coal resources.
In December 2010, Reswara established PT Pelabuhan Buana Reja (“PBR”), a subsidiary that engages in port management and services. Its sea-port terminal located in Sebamban Baru, South Kalimantan.
In June 2011 Reswara acquired 70% of the shares in PT Media Djaya Bersama (“MDB”), who holds the exclusive mining rights over a total of 4,629 hectares concession area in the province of Nanggroe Aceh Darussalam under 2 subsidiaries namely of PT Bara Energi Lestari (“BEL”) and PT Mifa Bersaudara (“MIFA”). As of 30 June 2011, MDB concession area was estimated to have 169 million tonnes of coal reserves and 455 million tonnes of coal resources. Currently MDB is in the development stage for both mining site and port facility.
Reswara believes that one of the factors that contribute to our customer satisfaction is our reputation of coal supply and specification as required by the customer. Along with the quality and size of resources, Reswara dedicated haul road and port that is in close proximity to the mine, in which enable Reswara to build a divers portfolio of long term contracts with major buyers in many countries.