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Wednesday, 11 April 12
TWO PERCENT OF IBP CONCESSION CONTAINS 42 MMT OF COAL


COALspot.com - 42.35 million ton of coal found in just 2% of  PT Insani Bara Perkasa’s total concession area of 24,477 hectare.

According to a statementposted on Rain's website, PT. Britmindo has issued its first JORC reserve report which was conducted on a 500 hectare area (Zone A) within IBP’s 3rd Generation CCoW concession. The JORC reserve report stated that Zone A contains 42.35 million ton of mineable coal reserve.

Zone A made up 2% of IBP’s total concession area of 24,477 hectare.

This will be the first out of a series of planned JORC survey that shall be undertaken by IBP as it is hoping to prove up its coal resource and reserve (JORC standard) in a progressive manner.

"We are currently in the final stage of discussion with PT. Britmindo to commence work on the next JORC survey area or Zone B.", the statement further said.



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