Ganda Alam Makmur
A brownfield coal asset which has huge resources.
In 2012, GAM located at Sangkulirang, East Kutai Regency in East Kalimantan with a IUP concession area covering 10,000 hectares. More than 60% of the MEA concession has been explored and huge JORC resources of 539 million tons of coal identified.
More than 2,330 hectares of potential land has been acquired to ensure the continuity of coal production up to 20 years. Capex requirement to develop mine has been fully funded, and nowadays GAM is in the stage of construction of its infrastructure to produce the coal up to 14 million tons per year gradually increasing within 5 years. It is expected to commence a commercial operation in Q3 2015.Download