PT Bhakti Energi Persada (BEP): A review by AEI of the geology of the BEP concession in East Kalimantan confirms that in BEP, we have secured the best of the Muara Wahau area’s resources. These huge deposits of low-rank thermal coal are geologically simple. Other low-rank coals exist in East Kalimantan, but AEI believes that BEP has the lowest strip ratio and the best location to provide large tonnages of open-pit mined coal to the thermal market for decades to come. BEP’s location is also advantageous as it allows a straight coal-hauling route to the coast.
AEI has reviewed BEP’s geological and topographic data and estimated coal resources using JORC 2012 methodology. It now estimates the total in situ coal tonnage for all seams to be 7.96 billion tonnes. Adaro is still preparing a coal reserves statement for BEP. Adaro Energy owns a 10.22% share in BEP, and has options to acquire up to 90.02%. Assuming that it exercised that option, the resource tonnage attributable to Adaro would be 7.16 billion tonnes.
BEP’s coal resources are low rank, with a total moisture of 46.9%, ash of 3.1% on an as-received basis, and a calorific value of 3,354 Kcal/kg on an as-received. Total sulphur is low at 0.10% on an as-received basis.