Energy Earth has budgeted Bt3.82 billion to acquire a coal-mining licence in Indonesia to sustain its reserves for 10 years.
Managing director Khajohnpong Khamdee said yesterday that its wholly owned subsidiary PT Tri Tunggal Pitriati (TTP) would take over the licence from Jhoswa Mahakam Mineral (JMM).
The mine in East Kalimantan has an estimated 43.05 million tonnes of coal.