Daewoo exploits coal in Jambi

Daewoo exploits coal in Jambi

Monday, August 28th 2006

Daewoo Securities Co, Ltd from South Korea in cooperation with local company PT Basmal Utama is currently exploting coal reserve in the district of Bungo in the Sumatran province of Jambi with production set to reach 60,000 tons per month.

The company on Saturday launched its first export of coal to South Korea on Saturday, witnessed by South Korea deputy ambassador to Indonesia Chung Yong Chil and deputy governor of Jambi Antony Zeidra Abidin, Bungo district head Zulfikar Achmad and president director of Daewoo-PT Basmal Utama Internasional, Son Bok Jo.

Deputy ambassador Chung Yong Chil said the district of Bungo had great natural resource pontentials especially mining resources but no adequate transportation and seaport facilities were available yet.

Seeing the potentials he was optimistic South Korean investors would continue investing in the country especially in Jambi.

Deputy governor Antony meanwhile said the provincial government would continue attracting investment from home and abroad by providing better licensing and infrastructural facilities.

He said the Jambi provincial administration supported South Korean investors and would export high-quality coal to that country.

Bungo district head Zulfikar Achmad said five investors from home and abroad were currently already exploiting coal in the region and shipped their products through local ports.

The South Korean company has invested Rp100 billion to exploit coal deposits in the region and expects to increase production from 60,000 tons to 180,000 tons. (*)


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