Mining INVESTMENT OPPORTUNITIES

HARVESTINDO also has iron ore mine and coking coal mine for alliance.

The project owner of power plant is the potential strategic partner for our offer. As local partner we will support how to bring coal to open sea and supply continuously for your consumption.

The our coal mines on offer have estimated reserves of  347 million tonnes of coal, quality GCV (adb) 5500 Kcal/kg with a little bit higher moisture TM 40%~47%.
As per HARVESTINDOs plan, the private sector company interested in jointly mining coal would, upon being selected, form an equal joint venture with the subsidiary of HARVESTINDO that owns the coal mine.

With the current proposal, the government seeks to invite private participation to get access to technology and experience in safely digging out coal.

Thus far, higher emphasis was attached to opencast mines for obvious reasons of faster growth and higher economic returns, HARVESTINDO said, adding, Now keeping in mind the futuristic needs the current thinking is to put higher thrust in underground mining than ever before.

A company executive told DNA Money that the joint venture partner doesnt
necessarily have to be a foreign company. It can be an Indonesia company with operations or access to coal fields outside the country.

The company, however, produces majority of its coal from open pit mining, with underground coal mines with low cost production.

HARVESTINDO is awaiting expression of interest from corporations for jointly producing coal from 12 of its abandoned underground mines to secure future supplies of the fossil fuel.

HARVESTINDO will give preference to companies that offer it an opportunity to develop and operate coal mines abroad in retrospect, the company said in its offer for expression of interest.

HARVESTINDO has several coal & ore mine will give preference to companies interest for JV.