Thermal coal project in Indonesia with high grade GCV coal for power plant and blending purposes. We require investor to take maximum stake in the business with a minimum investment of USD $15 million. All licences are cleared and we are ready to mine. Reserves are in excess in of more than 121 million tonnes of coal.
We are looking for investors for the project. Basically, it is a greenfield project with all the licenses cleared and ready to be in operation. Return on investment would be around USD $2 million annually as the net profit. Monthly production would be 50,000 to 100,000 MT per month. The owner of the project requires funding for the operation of the mines. The owner would prefer to sell the mines outright.
There are very few greenfield mines in Indonesia with fully cleared licenses. So, a very big advantage of this coal mines is that it is ready to operate.