Indonesia’s Bayan Aims to Increase Coal Production
Most of Bayan’s coal sales were under contract. She declined to reveal the number of contracts her company had secured this year, but said the increase in production would be supported by Bayan’s existing min-ing areas in South and East Kalimantan. “Our new mining areas will contribute, yet remain small in amount,” Quantero said.
Last year, Bayan acquired nine mining concessions in East Kalimantan.
The company estimates it has mineable coal reserves reaching 980 million mt.